The following equity investment transactions were completed by Romero Company during a recent year: Apr. 10. Purchased

Question:

The following equity investment transactions were completed by Romero Company during a recent year:
Apr. 10. Purchased 5,000 shares of Dixon Company for a price of $25 per share plus a brokerage commission of $75.
July 8. Received a quarterly of $0.60 per share on the Dixon Company investment.
Sept. 10. Sold 2,000 shares for a price of $22 per share less a brokerage commission of $120.
Journalize the entries for these transactions.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...