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.

$\begin{array}{ll}
\text { Februaty } 2 & \text { Purchased for cash } 500 \text { shares of Braxter Co. stock for } \$ 34 \text { per } \
& \text { share plus a } \$ 250 \text { brokerage commission. } \
\text { April 16 } & \text { Received dividends of } \$ 0.35 \text { per share on Braxter Co. stock. } \
\text { June 17 } & \text { Sold 100 shares of Braxter Co. stock for } \$ 40 \text { per share less a } \$ 100 \
& \text { brokerage commission. }
\end{array}$

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.
​ 
$\begin{array}{ll}
\text { Februaty } 2 & \text { Purchased for cash } 500 \text { shares of Braxter Co. stock for } \$ 34 \text { per } \
& \text { share plus a } \$ 250 \text { brokerage commission. } \
\text { April 16 } & \text { Received dividends of } \$ 0.35 \text { per share on Braxter Co. stock. } \
\text { June 17 } & \text { Sold 100 shares of Braxter Co. stock for } \$ 40 \text { per share less a } \$ 100 \
& \text { brokerage commission. }
\end{array}$

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.
​ 
$\begin{array}{ll}
\text { Februaty } 2 & \text { Purchased for cash } 500 \text { shares of Braxter Co. stock for } \$ 34 \text { per } \
& \text { share plus a } \$ 250 \text { brokerage commission. } \
\text { April 16 } & \text { Received dividends of } \$ 0.35 \text { per share on Braxter Co. stock. } \
\text { June 17 } & \text { Sold 100 shares of Braxter Co. stock for } \$ 40 \text { per share less a } \$ 100 \
& \text { brokerage commission. }
\end{array}$

Journalize the Entries to Record the Following Selected Equity Investment