on february 1, blossom company purchased 200 shares (2% ownership) of givens company common stock for $32 per share. on march 20, blossom company sold 40 shares of givens stock for $1,160. Blossom received a dividend of $1.00 per share on April 25. On june 15, blossom sold 80 shares of givens stock for $3,040. on july 28, blossom received a dividend of $1.00 per share. prepare the journal entries to record the transactions described above.

Prepare the journal entries to record the transactions described above. (Credit account titles are automatically in amounts. Round answers to o decimal places, e.g. 5,275. Record journal entries in the order presented in Date Account Titles and Explanation Debit Credit Feb. 1 Stock Investments Cash Mar. 20 Cash Loss on Sale of Stock Investments Stock Investments Apr. 25 Cash Dividend Revenue June 15 v Cash Gain on Sale of Debt Investments Stock Investments July 28 Cash Dividend Revenue