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On February 22, Stewart Corporation acquired 7,.200 shares of the 200,000 outstanding shares of Edwards Co. common stock at $42 plus commission charges of $170.

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On February 22, Stewart Corporation acquired 7,.200 shares of the 200,000 outstanding shares of Edwards Co. common stock at $42 plus commission charges of $170. On June 1, a cash dividend of $1.85 per share was received. On November 12, 3,100 shares were sold at $49, less commission charges of $165. Using the cost method, journalize the entries for (a) the purchase of stock, (b) the recejpt of dividends, and (c) the sale of 3,100 shares. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar Previous

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