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On February 1, Rinehart Company purchased 300 shares (2% ownership) of Givens Company common stock for $30 per share. On March 20, Rinehart Company sold
On February 1, Rinehart Company purchased 300 shares (2% ownership) of Givens Company common stock for $30 per share. On March 20, Rinehart Company sold 60 shares of Givens stock for $1,740. Rinehart received a dividend of $2.37 per share on April 25. On June 15, Rinehart sold 120 shares of Givens stock for $4,440. On July 28, Rinehart received a dividend of $2 per share. Prepare the journal entries to record the transactions described above
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