Journalize the entries for these
The following equity investment transactions were completed by Vintage Company during a recent year: Apr. 10 Purchased 3,800 shares of Delew Company’s common stock for a price of $49 per share plus a brokerage commission of $120. Delew Company has 240,000 shares of common stock outstanding. July 8 Received a quarterly dividend of $0.90 per share on the Delew Company investment. Sept. 10 Sold 1,200 shares for a price of $41 per share less a brokerage commission of $90. Dec. 31 At the end of the accounting period, the fair value of the remaining 2,600 shares of Delew Company’s stock was $48.53 per share.
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