Jackson Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 600 shares of Medical Company common stock for $25 per share plus a brokerage commission of $50. Jackson does I not have significant influence over Medical. April 1 Bought 40,000 of the 100,000 outstanding shares of Olde Company for $400,000. Goodwill of $90,000 was included in the June June Oct. price. 25 Received a $1.10 per share dividend on Medical Company stock. 30 Olde Company reported second-quarter profits of $30,000. 1 Purchased 3,000 bonds of Alpha Company for $16 per bond plus a brokerage fee of $500. These bonds are classified as securities available-for-sale. Dec. 31 Medical Co. shares are selling for $30 and Alpha bonds are selling for $13. Required: Prepare the appropriate journal entries to record the transactions for the year, including year-end adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the purchase of the Medical Company common stock. Note: Enter debits before credits. Date General Journal. Debit Credit Feb 17 Investment in equity affiliate Cash Journal entry worksheet Record the investment revenue for Olde Company. Note: Enter debits before credits. Date Jun 30 General Journal Debit Credit Clear entry View general journal Record entry Journal entry worksheet Record the purchase of the Alpha Company bonds. Note: Enter debits before credits. Date Oct 01 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet