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On February 1, Pharoah Company purchased 700 shares (2% ownership) of Givens Company common stock for $32 per share. On March 20, Pharoah Company sold

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On February 1, Pharoah Company purchased 700 shares (2% ownership) of Givens Company common stock for $32 per share. On March 20, Pharoah Company sold 140 shares of Givens stock for $4,060. Pharoah received a dividend of $2.00 per share on April 25. On June 15, Pharoah sold 280 shares of Givens stock for $10,640. On July 28, Pharoah received a dividend of $1.00 per share. Prepare the journal entries to record the transactions described above. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Feb. 1 Stock Investments Credit Cash Mar. 20 Cash

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