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Zach inc. purchased $17,500 of common shares in Danis Corporation on September 1 , Year 1 . The stock brokerage firm charged a $500 ifeefor
Zach inc. purchased $17,500 of common shares in Danis Corporation on September 1 , Year 1 . The stock brokerage firm charged a $500 ifeefor the December 31, Year 1, the end of Zach's fiscal year, the investment had declined in value to $16,400.0n December 1, Year 2, Zach received 5700 in dividends from the investment. On December 2 , Year 2 , the investment was sold for $18,600. Required: Journal entries for both years please
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