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The following equity investment transactions were completed by Chung Company in 2016: Mar. 4 Purchased 4,000 shares of Jas Company for a price of $52
The following equity investment transactions were completed by Chung Company in 2016: Mar. 4 Purchased 4,000 shares of Jas Company for a price of $52 per share plus a brokerage commission of $105. May 12 Received a quarterly dividend of $0.50 per share on the Jas Company investment. June 17 Sold 1,200 shares for a price of $42 per share less a brokerage commission of $90. Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest dollar.
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