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Jackson Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 570 shares of Medical Company common stock for $25 per

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Jackson Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 570 shares of Medical Company common stock for $25 per share plus a brokerage commission of $50. Jackson does not have significant influence over Medical April 1 Bought 37,eee of the lee,eee outstanding shares of Olde Company for $370, eee. Goodwill of $87,000 was included in the price. June 25 Received a $1.10 per share dividend on Medical Company stock. June 30 Olde Company reported second-quarter profits of $27,000 Oct. 1 Purchased 2,700 bonds of Alpha Comphny for $16 per bond plus a brokerage fee of $470. These bonds are classified as securities available for sale. Dec. 31 Medical Co. shares are selling for $30 and Alpha bond is 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 2 5 6 7 Purchased 570 shares of Medical Company common stock for $25 per share plus a brokerage commission of $50. Jackson does not have significant influence over Medical Note: Enter debits before credits Date Feb 17 General Journal Debit Credit pe here to search O TT

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