On May 15, 2016, Breyer Co. invests $12,000 in Dave, Inc. stock. Dave pays Breyer a $700 dividend on November 15, 2016. Breyer sells the Dave stock on December 10, 2016, for $11,600. Assume the investment is categorized as long-term available-for-sale. Journalize the 2016 transactions related to Breyer's investment in Dave stock

Begin by journalizing Breyer's initial investment in Dave, Inc., stock on May 15, 2016.

Next, journalize Breyer's receipt of the November 15, 2016 dividend

Now journalize Breyer's sale of the Dave, Inc., stock on December 10, 2016.