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Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year: Feb. 2
Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year: Feb. 2 Purchased for cash 1,400 shares of Wong Inc. stock for $40 per share plus a $700 brokerage commission. Mar. 16 Received dividends of $0.20 per share on Wong Inc. stock. June 7 Purchased 800 shares of Wong Inc. stock for $48 per share plus a $400 brokerage commission. July 26 Sold 1,550 shares of Wong Inc. stock for $53 per share less a $775 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold. Sept. 25 Received dividends of $0.30 per share on Wong Inc. stock. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. dction, it an amount box does not require an entry, leave it blank. S dollar Feb. 2 Mar. 16 June 7 July 26 IlIII I III Sept. 25 Previous Check My Work 5 more Check My Work uses remaining. Email Instructor Save and Exit Submit Assignme
Yerbury Corp. manufactures construction equipment.
Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year:
Feb. 2 Purchased for cash 1,400 shares of Wong Inc. stock for $40 per share plus a $700 brokerage commission.
Mar. 16 Received dividends of $0.20 per share on Wong Inc. stock.
June 7 Purchased 800 shares of Wong Inc. stock for $48 per share plus a $400 brokerage commission.
July 26 Sold 1,550 shares of Wong Inc. stock for $53 per share less a $775 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold.
Sept. 25 Received dividends of $0.30 per share on Wong Inc. stock.
In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank.
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