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The following equity investment transactions were completed by Chung Company in 2016: Mar. 4 Purchased 4,700 shares of Jas Company for a price of $49
The following equity investment transactions were completed by Chung Company in 2016:
Mar. | 4 | Purchased 4,700 shares of Jas Company for a price of $49 per share plus a brokerage commission of $120. |
May | 12 | Received a quarterly dividend of $0.70 per share on the Jas Company investment. |
June | 17 | Sold 1,900 shares for a price of $41 per share less a brokerage commission of $75. |
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.
CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Chung Company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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