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Question 16 Sunland Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1940 shares of Ayayai Company (10%) for $49470 cash. June 1

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Question 16 Sunland Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1940 shares of Ayayai Company (10%) for $49470 cash. June 1 Received cash dividends of $2 per share on Ayayai stock. Oct. 1 Sold 1210 shares of Ayayai stock for $32670. The entry to record the receipt of the dividends on June 1 would include a O credit to Dividend Revenue for $3880. debit to Dividend Revenue for $3880. credit to Stock Investments for $3880. O debit to Stock Investments for $3880, n with available attempts

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