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Question Content Area On February 12, Addison, Inc., purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. This purchase

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On February 12, Addison, Inc., purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. This purchase represents less than 20% ownership of Lucas Company. On August 22, Lucas paid a dividend per share of $0.42. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee.Journalize the entries for the original purchase, dividend, and sale. If an amount box does not require an entry, leave it blank.

Feb. 12 CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments - Select - - Select -
CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments - Select - - Select -
Aug. 22 CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments - Select - - Select -
CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments - Select - - Select -
Nov. 10 CashDividend RevenueGain on Sale of InvestmentsInvestments-Lucas Company StockLoss on Sale of Investments - Select - - Select -
CashDividend RevenueDividends PayableGain on Sale of InvestmentsLoss on Sale of Investments - Select - - Select -
CashDividends PayableInvestments-Lucas Company StockLoss on Sale of InvestmentsSupplies - Select - - Select -

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