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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
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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 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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