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Marigold Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2120 shares of Flint Company (10%) for $54060 cash. June 1 Received cash
Marigold Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2120 shares of Flint Company (10%) for $54060 cash. June 1 Received cash dividends of $2 per share on Flint stock. Oct. 1 Sold 1210 shares of Flint stock for $32670. The entry to record the receipt of the dividends on June 1 would include a
credit to Stock Investments for $4240.
debit to Stock Investments for $4240.
debit to Dividend Revenue for $4240.
credit to Dividend Revenue for $4240.
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