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Sunland Company had the following transactions pertaining to its short-term stock investments. Jan. 1 Purchased 1.000 shares of Carla Vista Company stock for $20,500 cash,
Sunland Company had the following transactions pertaining to its short-term stock investments. Jan. 1 Purchased 1.000 shares of Carla Vista Company stock for $20,500 cash, Received cash dividends of $0.60 per share on the Carla Vista Company stock Sept. 15 Sold 400 shares of the Carla Vista Company stock for $5,080 Dec. 1 Received cash dividends of $0.60 per share on the Carta Vista Company stock. June 1 Joumalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually Record Journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation
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