Prepare Hertog Company's journal entries to reflect the following transactions for the current year. May 7 Purchases 220 shares of Kraft stock as a short-term investment in trading securities at a cost of $52 per share plus $320 in broker fees. June 6 Sells 220 shares of its investment in Kraft stock at $58 per share. The broker's commission on this sale is $160. View transaction list Journal entry worksheet Record the purchase of 220 shares of Kraft stock as a short-term investment in trading securities at a cost of $52 per share plus $320 in broker fees. Note: Enter debits before credits General Journal Date May 07 Debit Credit Record entry Clear entry View general journal Prepare Hertog Company's journal entries to reflect the following transactions for the current year. May 7 Purchases 220 shares of kraft stock as a short-term investment in trading securities at a cost of $52 per share plus $320 in broker fees. June 6 Sells 220 shares of its investment in Kraft stock at $58 per share. The broker's commission on this sale is $160. View transaction list Journal entry worksheet Record the sale of 220 shares of its investment in Kraft stock at $58 per share. The broker's commission on this sale is $160. Note: Enter debits before credits Date General Journal Debit Credit June 06 Record entry Clear entry View general journal