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Swifty Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2100 shares of Pearl Company (10%) for $53550 cash. June 1 Received cash

Swifty Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2100 shares of Pearl Company (10%) for $53550 cash. June 1 Received cash dividends of $3 per share on Pearl stock. Oct. 1 Sold 1170 shares of Pearl stock for $31590. The entry to record the receipt of the dividends on June 1 would include a X credit to Dividend Revenue for $6300. debit to Dividend Revenue for $6300. credit to Stock Investments for $6300. debit to Stock Investments for $6300

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