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. Purchased for cash 5,300 shares of Wong Inc. stock for $20 per share plus a $110 brokerage commission.Mar. 6. Received dividends of $0.30 per share on Wong Inc. stock.June 7. Purchased 2,000 shares of Wong Inc. stock for $26 per share plus a $120 brokerage commission.July 26. Sold 6,000 shares of Wong Inc. stock for $35 per share less a $100 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold.Sept. 25. Received dividends of $0.40 per share on Wong Inc. stock.
Yerbury Corp. manufactures construction equipment.
Feb. 2. Purchased for cash 5,300 shares of Wong Inc. stock for $20 per share plus a $110 brokerage commission.
Mar. 6. Received dividends of $0.30 per share on Wong Inc. stock.
June 7. Purchased 2,000 shares of Wong Inc. stock for $26 per share plus a $120 brokerage commission.
July 26. Sold 6,000 shares of Wong Inc. stock for $35 per share less a $100 brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold.
Sept. 25. Received dividends of $0.40 per share on Wong Inc. stock.
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