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Quakers Corp. owns numerous investments in the shares of other companies. Assume Quakers Corp. completed the following investment transactions (Click the icon to view the

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Quakers Corp. owns numerous investments in the shares of other companies. Assume Quakers Corp. completed the following investment transactions (Click the icon to view the financial information) Required Financial information Record the transactions in the general journal of Quakers com 2020 May 1, 2020. Purchased 12.000 common shares (total then credits. Exclude explanations from journal entries) Journal Entry Date Accounts May Jul 2020 May Sep Oct 1 Purchased 12.000 common shares (total issued and outstanding common shares, 50.000) of Rumblers Carp at a cost of $1,600,000 Brokerage commissions on the purchase were 522.000 2 Purchased an additional 2.000 Rumblers Corp common shares at a cost of 5172,000. Brokerage commissions on the purchase were $1800 15 Received semi-annual cash dividend of $3.90 per share on the Rumblers Corp. investment 12 Purchased 1 300 Hannah Ltd common shares as a short-term investment paying $33.40 per share plus brokerage commission of $1,100 14 Received semiannual cash dividend of 60 per share on the Harnah Lid investment 31 Received annual report from Rumblers Corp. Net income for the year was $120.000 of this amount Quales Copperfionis 25 percent The current market value for 1300 Hannah Lidshares is $33.000 Dec 2021 Feb 6 Sold 2000 Rumbles Com shares for cast of 10000 less brokerage commission of 51.550 Choose from any list or enter any number in the input ned

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