Weygandt, Accounting Principles, 12e Assignment Gradebook ORION nt Nosker Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,400 shares of Escalante Corporation common stock (4%) for $267,520 cash. July 1 Received a cash dividend of $5 per share Dec. 1 Sold 880 shares of Escalante Corporation common stock for $56,320 cash. Dec. 31 Received a cash dividend of $5 per share. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent m Date Account Titles and Explanation Debit Credit 267 Cash uly 1 Cash Gain on Sale of Stock Dec. 31 17600