Question: Need help to figure out this problem! 25. Award: 6 out of 8.00 points Jackson Company engaged in the following investment transactions during the current

25. Award: 6 out of 8.00 points Jackson Company engaged in the following investment transactions during the current year. Feb. 17 Purchased 490 shares of Medical Company common for $15 per share plus a brokerage commission of $150. These are trading securities. April 1 Bought 29,000 of the 100,000 outstanding shares of Olde Company for $290,000. Goodwill of $79,000 was included in the price. June 25 Received a $1.30 per share dividend on Medical Company stock. June 30 Olde Company reported second-quarter profits of $19,000. Oct. 1 Purchased 1.900 shares of Alpha Company for $14 per share plus a brokerage fee of $390. These shares are classified as securities available for sale Dec. 31 Medical Co. shares are selling for $20 and Alpha stock is selling for $11. Required Prepare the appropriate journal entries to record the transactions for the year including year-end adjustments. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) Answer is not complete Debit Credit General Journal Investment in Medical 7,500 Feb 17 Cash Apr 01 Investment in Olde 290,000 290,000V 637V Jun 25 Cash 637 Interest revenue Jun 30 Investment in Olde 26,990 Investment in Alpha Oct 01 26,990 You did not receive
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