Hayes Company purchased 10,000 ordinary shares of Kenyon Co., paying $26 per share plus $1,500 in broker

Question:

Hayes Company purchased 10,000 ordinary shares of Kenyon Co., paying $26 per share plus $1,500 in broker fees. Hayes plans to actively trade this investment. Pre-pare the entry to record this investment.

Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...