On February 22, Stewart Corporation acquired 8,700 shares of the 305,000 outstanding shares of Edwards Co. common stock at $23.90 plus commission charges of $870. On June 1, a cash dividend of $1.10 per share was received. On November 12, 2,900 shares were sold at $29 less commission charges of $348. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. a.  Using the cost method, journalize the entry for the purchase of stock. Feb. 22   fill in the blank 18df41fb2fe9030_2         fill in the blank 18df41fb2fe9030_4 b.  Using the cost method, journalize the entry for the receipt of dividends. June 1   fill in the blank 30462dfb4fb1043_2         fill in the blank 30462dfb4fb1043_4 c.  Using the cost method, journalize the entry for the sale of 2,900 shares. For a compound transaction, if an amount box does not require an entry, leave it blank. Nov. 12   fill in the blank 8f970f06ff8301d_2 fill in the blank 8f970f06ff8301d_3     fill in the blank 8f970f06ff8301d_5 fill in the blank 8f970f06ff8301d_6     fill in the blank 8f970f06ff8301d_8 fill in the blank 8f970f06ff8301d_9

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.