Heat Publishing Ltd. completed the following transactions during 2013 and 2014. 2013 Dec. 6 Purchased 1,000 shares

Question:

Heat Publishing Ltd. completed the following transactions during 2013 and 2014.
2013 Dec. 6 Purchased 1,000 shares of Georgian Graphics Inc. at a price of $41.00 per share, intending to sell the investment within three months. Brokerage fees were $350.
23 Received a cash dividend of $1.10 per share on the Georgian Graphics Inc. shares.
31 Adjusted the investment to its fair value of $45.00 per share.
2014 Jan. 27 Sold the Georgian Graphics Inc. shares for $46.00 per share, less brokerage fees of $370.
Journalize Heat Publishing Ltd.'s investment transactions. Explanations are not required.
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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

Question Posted: