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Teal Mountain Company had the following transactions pertaining to its short-term stock investments. Jan. 1 Purchased 535 shares (1% interest) of Pork Company stock for
Teal Mountain Company had the following transactions pertaining to its short-term stock investments.
Jan. | 1 | Purchased 535 shares (1% interest) of Pork Company stock for $8,025. | ||
June | 1 | Received cash dividends of $0.60 per share on the Pork Company stock. | ||
Sept. | 15 | Sold 294 shares of the Pork Company stock for $3,332 Cash. |
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. List all debit entries before credit entries.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date Jan. 1June 1Sept. 15 | enter an account title | enter a debit amount | enter a credit amount |
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