Journalize the entries to record the following selected equity investment transactions completed by Flurry Company during the current year. Flurry’s purchase represents less than 20% of the total outstanding Braxter stock.

February 2$ \quad $ Purchased for cash 500 shares of Braxter Co. stock for $34 per share plus a $250 brokerage commission.
April 16$ \quad $ Received dividends of $0.35 per share on Braxter Co. stock.
June 17$ \quad $ Sold 100 shares of Braxter Co. stock for $40 per share less a $100 brokerage commission.

Question

Journalize the entries to record the following selected equity investment transactions completed by Flurry Company during the current year. Flurry’s purchase represents less than 20% of the total outstanding Braxter stock.

February 2$ \quad $	Purchased for cash 500 shares of Braxter Co. stock for $34 per share plus a $250 brokerage commission.
April 16$ \quad $	Received dividends of $0.35 per share on Braxter Co. stock.
June 17$ \quad $	Sold 100 shares of Braxter Co. stock for $40 per share less a $100 brokerage commission.

Quizplus · Accepted Answer

The Answer of Journalize the entries to record the following selected equity investment transactions completed by Flurry Company during the current year. Flurry’s purchase represents less than 20% of the total outstanding Braxter stock.

February 2$ \quad $	Purchased for cash 500 shares of Braxter Co. stock for $34 per share plus a $250 brokerage commission.
April 16$ \quad $	Received dividends of $0.35 per share on Braxter Co. stock.
June 17$ \quad $	Sold 100 shares of Braxter Co. stock for $40 per share less a $100 brokerage commission.

Journalize the Entries to Record the Following Selected Equity Investment \quad

Journalize the Entries to Record the Following Selected Equity Investment $\quad$