QUESTION $24$

$9$ points

Part III. Journalize the following entries for FSU CO$.$ If no entry is required, write $"$No Entry Required" and leave the amount boxes blank. $(3$ points each$)$

a$.$ FSU CO$.$ purchased $500$ shares of the total of $100,000$ outstanding shares of Florida Corp. stock for $$19,50$ per share plus a $$70$ commission.

$\backslash$table$[[$D$,,$Debit,Credit$],[$A$,,,],[$T$,,,],[$E$,,,],[$X$,,,],[,,,],[$X$,,,],[,,,],[,,,]]$

b$.$ Florida Corp.$\text{'}$s total earnings for the period are $$100,000.$

$\backslash$table$[[$D$,,$Debit,$],[$A$,,,],[$T$,,,],[$E$,,,],[$X$,,,],[,,,],[$X$,,,],[,,,],[,,,]]$

c$.$ Florida Corp.$\text{'}$s paid a dividend of $$\mathrm{.}25$ per share in cash dividends to shareholders of record.

$\backslash$table$[[$D$,,,],[$A$,$Debit,,$],[$T$,,,],[$E$,,,],[$X$,,,],[,,,],[$X$,,,],[,,,],[,,,]]$