During 2015, its first year of operations, Gold North Corporation purchased the following available-for-sale investments. Brokerage fees

Question:

During 2015, its first year of operations, Gold North Corporation purchased the following available-for-sale investments. Brokerage fees are added to the cost of the investments.

Cash Dividends Received $1.170 2,880 Brokerage Fees Paid $250 400 Shares Purchased 1.800 3,200 Investment Cost $57,600 6

a. Record the purchase of the investments for cash.
b. Record the receipt of the dividends.
c. Record the sale of 900 Tree Life Ltd. shares for $32,000 less a $200 brokerage fee.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...