Entries for Stock Investments, Dividends, and Sale of Stock Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions...


Entries for Stock Investments, Dividends, and Sale of Stock Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during a recent year: Feb. 2 Mar. 16 June 7 Purchased for cash 1,550 shares of Wong Inc. stock for $37 per share plus a $775 brokerage commission. Received dividends of $0.30 per share on Wong Inc. stock. Purchased 900 shares of Wong Inc. stock for $45 per share plus a $450 brokerage commission. Sold 1,800 shares of Wong Inc. stock for $49 per share less a $900 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold. July 26 Sept. 25 Received dividends of $0.40 per share on Wong Inc. stock. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank. Feb. 2 Mar. 16 June 7 July 26

May 26, 2022
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