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Journalize the entries to record the following selected equity investment transactions completed by Perry Company during the current year. Perry accounts for this investment
Journalize the entries to record the following selected equity investment transactions completed by Perry Company during the current year. Perry accounts for this investment using the cost method. Feb. 2 Purchased for cash 900 shares of Dexter Co. stock for $54 per share plus a $450 brokerage commission. This represents a less than 10% ownership interest in the company. Apr. 161 Received dividends of $0.25 per share on Dexter Co. stock. June 17 Aug. 197 Nov. 14 Sold 200 shares of Dexter Co. stock for $70 per share less a $500 brokerage commission. Purchased 600 shares of Dexter Co. stock for $65 per share plus a $300 brokerage commission. Received dividends of $0.30 per share on Dexter Co. stock. If an amount box does not require an entry, leave it blank. Fob. 2 Apr. 16 June 17 Aug. 19 0 0000 0 0 0 000 0
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