Question: For 1 a - 1 c , journalize the necessary journal entries for Jewel Company. 1 a . On February 1 5 , Jewel Company

For 1a-1c, journalize the necessary journal entries for Jewel Company.
1a. On February 15, Jewel Company buys 7,000 shares of Marcelo Corporation common stock at $28.53 per share. The stock is classified as a stock investment with insignificant influence. This is the companys first and only stock investment.1b. On March 15, Marcelo Corporation declares a dividend of $1.15 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15.1c. Jewel Company sells half of the Marcelo Corporation stock on November 17 of the current year for $29.30 per share.

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