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Jan. 1 Purchased 4,900 shares of Escalante Corporation common stock (6%0) for $297,920 cash. July 1. Receiveda cash dividend of $5 per share. Dec. 1

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Jan. 1 Purchased 4,900 shares of Escalante Corporation common stock (6%0) for $297,920 cash. July 1. Receiveda cash dividend of $5 per share. Dec. 1 Sold 980 shares of Escalante Corporation common stock for $62,720 cash. Dec. 31 Received a cash dividend of $5 per 5 hare. Joumalize the transactions. (List all deblt entries before credit entries Credit account titles are outomotically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented In the probiem. If no entry Is required, select "No entry" for the account tules and enter 0 for the amounts)

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