Prepare teh journal entries for the following transactions for Morgan Co.

a. Morgan Co. puchased 32,000 sahres of the total of 100,000 outstainding shares Corp. stock for $10 per share plus a $400 commission.

b. Gordon Corp.'s total earnings for the period are $80,000.

c. Gordon Corp. paid a total of $45,000 in cash dividends.

Please show the steps.