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The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10. Purchased 2,300 shares of Dixon Company for a price

  1. The following equity investment transactions were completed by Romero Company during a recent year:

    Apr. 10. Purchased 2,300 shares of Dixon Company for a price of $55.5 per share plus a brokerage commission of $1,150.
    July 8. Received a quarterly dividend of $0.7 per share on the Dixon Company investment.
    Sept. 10. Sold 1,500 shares for a price of $50 per share less a brokerage commission of $640.

    Journalize the entries for these transactions. If required, round the final answers to the nearest dollar.

    For a compound transaction, if an amount box does not require an entry, leave it blank.

    Apr. 10 - Purchase
    • Cash
    • Dividend Receivable
    • Dividend Revenue
    • Investments-Dixon Company Stock
    • Notes Receivable
    • Cash
    • Dividend Receivable
    • Dividend Revenue
    • Investments-Dixon Company Stock
    • Notes Receivable
    July 8 - Dividend
    • Cash
    • Dividend Receivable
    • Dividend Revenue
    • Interest Receivable
    • Investments-Dixon Company Stock
    • Cash
    • Dividend Receivable
    • Dividend Revenue
    • Investments-Dixon Company Stock
    • Notes Receivable
    Sept. 10 - Sale
    • Cash
    • Dividend Receivable
    • Dividend Revenue
    • Gain on Sale of Investments
    • Investments-Dixon Company Stock
    • Cash Dividend
    • Gain on Sale of Investments
    • Investments-Dixon Company Stock
    • Loss on Sale of Investments
    • Notes Receivable
    • Cash
    • Dividend Revenue
    • Gain on Sale of Investments
    • Investments-Dixon Company Stock
    • Loss on Sale of Investments

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