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On March 4, Breen Corporation acquired 9,000 shares of the 210,000 outstanding shares of Melton Co. common stock at $40 plus commission charges of $190.

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On March 4, Breen Corporation acquired 9,000 shares of the 210,000 outstanding shares of Melton Co. common stock at $40 plus commission charges of $190. On June 15, a cash dividend of $1.70 per share was received. On October 12, 2,700 shares were sold at $45 less commission charges of $150 Using the cost method, journalize the entries for (a) the purchase of stock, (b) the recejpt of dividends, and (c) the sale of 2,700 shares Refer to the Chart of Accounts for exact wording of account tities. When required, round your answers to the nearest dolar Previous Next MacBook Pro 8 command option

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