Jackson Company engaged in the following investment transactions during the current year.

February $17$ Purchased $450$ shares of Medical Company common stock for $$20$ per share plus a brokerage commission of $$100.$ Jackson does not have significant influence over Medical.

April $1$ Bought $25,000$ of the $100,000$ outstanding shares of $01$de Company for $$250,000.$ Goodwill of $$75,000$ was included in the price.

June $25$ Received a $$1\mathrm{.}20$ per share dividend on Medical Company stock.

June $30$ Olde Company reported second$-$quarter profits of $$15,000.$

October $1$ Purchased $1,500$ bonds of Alpha Company for $$15$ per bond plus a brokerage fee of $$350.$ These bonds are classified as securities available$-$for$-$sale.

December $31$ Medical Company shares are selling for $$25$ and Alpha bonds are selling for $$12.$

Required:

Prepare the appropriate journal entries to record the transactions for the year, including year$-$end adjustments.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

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$7$

Record the purchase of the Medical Company common stock.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$February $17,,,],[,,,],[,,,],[,,,]]$