Sandafor Company had these transactions pertaining to stock investments:
Feb 1 Purchased 2,400 shares of BFF common stock (2% of outstanding shares) for $16,500 cash.
July 1 Received cash dividends of $0.80 per share on BFF common stock.
Sept. 1 Sold 800 shares of BFF common stock for $7,900
Dec. 1 Received cash dividends of $.80per share on BFF common stock.
Instructions
Journalize the transactions.

Question

Quizplus · Accepted Answer

The Answer of Sandafor Company had these transactions pertaining to stock investments:
Feb 1 Purchased 2,400 shares of BFF common stock (2% of outstanding shares) for $16,500 cash.
July 1 Received cash dividends of $0.80 per share on BFF common stock.
Sept. 1 Sold 800 shares of BFF common stock for $7,900
Dec. 1 Received cash dividends of $.80per share on BFF common stock.
Instructions
Journalize the transactions.

Sandafor Company Had These Transactions Pertaining to Stock Investments