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On August 15, 2014, Cubs Corp. purchases 5,000 shares of common stock in Sox Inc. at a market price of exist15 per share. In addition,

On August 15, 2014, Cubs Corp. purchases 5,000 shares of common stock in Sox Inc. at a market price of exist15 per share. In addition, Cubs pays brokerage fees of exist1,000. On October 20, 2014, Cubs sells the Sox stock for exist10 per share. Prepare all necessary entries on Cubss books in connection with the investment beginning with the purchase of the common stock on August 15, 2014, and the sale on October 20, 2014

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