The following equity investment-related transactions were completed by Kindle Company in 2012: Jan. 12. Purchased 1,400 shares

Question:

The following equity investment-related transactions were completed by Kindle Company in 2012:
Jan. 12. Purchased 1,400 shares of Inskip Company for a price of $48.90 per share plus a brokerage commission of $112.
Apr. 10. Received a quarterly of $0.22 per share on the Inskip Company investment.
June 3. Sold 900 shares for a price of $44.50 per share less a brokerage commission of $65.
Journalize the entries for these transactions.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...