Practice Problem

20 points 4 JOURNAL ENTRIES PROBLEM 2 STOCK INVESTMENTS Stone Company had the following transactions pertaining to short-term Investments in equity securities: 1-Jan Purchased 1,500 shares of Quayle Company stock for $9,300 cash. 1-Jun Received cash dividends of $1.00 per share on Quayle Company stock. 15-Sep Sold 400 shares of Quayle Company stock for $2,600. 1-Dec Received cash dividends of $.50 per share on Quayle Company stock. Date Account Title Debit Credit