On May 15, 2018, Greenwood Co. invests $ 15,000 in Jack, Inc. stock. Jack pays Greenwood a $ 800 dividend on November 15, 2018. Greenwood sells the Jack stock on December 10, 2018, for $ 14,850. Assume the Greenwood Co. does not have significant influence over Jack, Inc. Journalize the 2018 transactions related to Greenwood's investment in Jack stock.

1) Begin by journalizing Greenwood's initial investment in Jack Inc., stock on May 15,2018

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2) Next, journalize Greenwood's receipt of the November 15, 2018 dividend.

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3)Now journalize Greenwood's sale of the Jack Inc., stock on December 10, 2018.

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