Stock Investment Transactions

On September 12, 2,700 shares of Aspen Company are acquired at a price of $45.00 per share plus a $135 brokerage commission. On October 15, a $0.80-per-share dividend was received on the Aspen Company stock. On November 10, 1,080.00 shares of the Aspen Company stock were sold for $38 per share less a $54 brokerage commission.

When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank.

Prepare the journal entries for the original purchase, the dividend, and the sale under the cost method.

Sept. 12	Investments-Aspen Company Stock
	Cash
Oct. 15	Cash
	Dividend Revenue
Nov. 10	Cash
	Loss on Sale of Investments
	Investments-Aspen Company Stock