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Stock Investment Transactions On September 12, 3,600 shares of Aspen Company are acquired at a price of $62.00 per share plus a $180 brokerage commission.

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Stock Investment Transactions On September 12, 3,600 shares of Aspen Company are acquired at a price of $62.00 per share plus a $180 brokerage commission. On October 15, a $1.10-per-share dividend was received on the Aspen Company stock. On November 10, 1,440.00 shares of the Aspen Company stock were sold for $57 per share less a $72 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 III III III l Dividend Revenue Nov. 10 Cash Loss on Sale of Investments Investments Aspen Company Stock

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