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Question 5 On February 1, Sheridan Company purchased 800 shares (2% ownership of Glen Company common stock for $32 per share on March 20, Sheridan

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Question 5 On February 1, Sheridan Company purchased 800 shares (2% ownership of Glen Company common stock for $32 per share on March 20, Sheridan Company Sold 100 shares of Glvens stock for $4,640. Sheridan received a dividend of $1.00 per she on April 25. On June 13, Sheridan sold 320 shares of Given stock for $12.160. On July 28. Sheridan received a dividend of $1.50 per share. Prepare the journal entries to record the transactions described above. (Credit contbloot outomatically indented when entered Do not indet amelly no entry is required, select "No entry for the account Hiles and enter for the amounts Round was to decimal land. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Crede TEAM ES Date Account Titles and Explanation Debit Credit

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