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Record the journal entries for the following investment transactions of Masterson Co. 14 points, 2 1/2 points for each entry On Jan 1, Masterson purchased

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Record the journal entries for the following investment transactions of Masterson Co. 14 points, 2 1/2 points for each entry On Jan 1, Masterson purchased 1000 shares on XYZ Corporation for S50 per share and a $100.00 commission On July 1. Masterson received a $2.00 per share dividend on their XYZ stock On Dec 1 Masterson sold XYZ stock for $55.00 per share less a $100.00 commission fee paid to the broker On April 1, Masterson Company purchased $6 000 000 5-vear, 12% bonds for $6, 094, 035 The semi-annual interest was paid on September 30 to Masterson

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