The following equity investment transactions were completed by Chung Company in 2016: Mar. 4. Purchased 4,000 shares of Jas Company for a price of $50 per share plus a brokerage commission of $100....


The following equity investment transactions were completed by Chung Company in 2016:


Mar. 4. Purchased 4,000 shares of Jas Company for a price of $50 per share plus a brokerage commission of $100.


May 12. Received a quarterly dividend of $0.75 per share on the Jas Company investment.


June 17. Sold 1,400 shares for a price of $44 per share less a brokerage commission of $80.


Journalize the entries for these transactions.



May 02, 2022
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