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Journalize the following transactions: June 1 Purchased 1,000 shares of Apple Computers for $110 a share. Purchased 500 shares of Jones Company for $10 a
Journalize the following transactions: June 1 Purchased 1,000 shares of Apple Computers for $110 a share. Purchased 500 shares of Jones Company for $10 a share July 5 Aug. 1 Received a $.25 per share dividend from Apple Computers. Sept. 20 Sold 100 shares of Jones Company for $7 a share Dec. 20 Sold 500 shares of Apple Computers for $95 per share. Dec. 31 Adjusted the Apple Computers investment to the current market price of $80 per share and adjusted the Jones Company to the current market price of $15 per share
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