Stock Investment Transactions

On September 12, 3,000 shares of Aspen Company are acquired at a price of $57.00 per share plus a $150 brokerage commission. On October 15, a $1.20-per-share dividend was received on the Aspen Company stock. On November 10, 1,200.00 shares of the Aspen Company stock were sold for $50 per share less a $60 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.

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

Sept. 12

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Oct. 15

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Nov. 10

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