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The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10. Purchased 11,000 shares of Delew Companys common stock for
The following equity investment transactions were completed by Vintage Company during a recent year:
Apr. | 10. | Purchased 11,000 shares of Delew Companys common stock for a price of $60 per share plus a brokerage commission of $220. Delew Company has 250,000 shares of common stock outstanding. |
July | 8. | Received a quarterly dividend of $0.85 per share on the Delew Company investment. |
Sept. | 10. | Sold 3,000 shares for a price of $54 per share less a brokerage commission of $90. |
Dec. | 31. | At the end of the accounting period, the fair value of the remaining 8,000 shares of Delew Companys stock was $59.90 per share. |
Journalize the entries for these transactions. If an amount box does not require an entry, leave it blank. If required, round the final answers to the nearest dollar.
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