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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 $50
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 $50 per share plus a brokerage commission of $100. |
May | 12 | Received a quarterly dividend of $0.75 per share on the Jas Company investment. |
June | 17 | Sold 1,400 shares for a price of $44 per share less a brokerage commission of $80. |
Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles.
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