1. Stout Back Traders was incorporated on Jan. 1, 2016 to produce and sell carnival designs and costumes. The following transactions relate to certain securities acquired by the company, which has a fiscal year ending on December 31:

2019

Feb. 10. Purchased 8,000 shares of the 150,000 outstanding shares of Good Luck Corporation at $36 per share. The brokerage commission amounted to $864.

July 15. Received a cash dividend of $2.25 per share from Good Luck Corporation

26. Sold 1,000 shares of Good Luck for $32 per share. The brokerage commission amounted to $125.

Dec. 31. The market value of Island Luck shares was $33 per share.

2020

Jan. 3. Purchased 30,000 of the 180,000 shares outstanding of Don Duck Inc., $675,000.

Dec 22. Received a cash dividend of 40 cents per share from Don Duck.

Dec.30. The market prices of Good Luck and Don Duck shares were $38 per share and $18 per share respectively.

Instructions:

Journalize the above transactions (Show all workings) (20 pts.)

ANSWER IN TABLE FORMAT