Question

The following equity investment transactions were completed by Reynolds Company in 2014:
Feb. 8. Purchased 2,400 shares of Tybee Company for a price of $62 per share plus a brokerage commission of $120.
Apr. 22. Received a quarterly dividend of $0.60 per share on the Tybee Company investment.
May 26. Sold 1,000 shares for a price of $52 per share less a brokerage commission of $60.
Journalize the entries for these transactions.



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  • CreatedFebruary 28, 2014
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