How to journalize the entry for december 31? Apr.10Purchased 5,000 shares of Delew Company’s common stock for a price of $49 per share plus a brokerage commission of $90. Delew Company has 230,000 shares of common stock outstanding.July8Received a quarterly dividend of $1.00 per share on the Delew Company investment.Sept.10Sold 1,100 shares for a price of $44 per share less a brokerage commission of $70.Dec.31At the end of the accounting period, the fair value of the remaining 3,900 shares of Delew Company’s stock was $48.52 per share.

Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How to journalize the entry for december 31?

Apr.	10	Purchased 5,000 shares of Delew Company’s common stock for a price of $49 per share plus a brokerage commission of $90. Delew Company has 230,000 shares of common stock outstanding.
July	8	Received a quarterly dividend of $1.00 per share on the Delew Company investment.
Sept.	10	Sold 1,100 shares for a price of $44 per share less a brokerage commission of $70.
Dec.	31	At the end of the accounting period, the fair value of the remaining 3,900 shares of Delew Company’s stock was $48.52 per share.

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