US Assignment $9-$ Chapters $11$ & $12$

Question $4$ of $5$

$/10$

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Flint Corporation reported the following transactions relating to its trading investments:

Jan. $1$ Purchased $1,100$ shares of London Ltd$.$ shares for $$72,600$ cash.

June $1$ Received cash dividends of $$4$ per share on the London shares.

Sept. $15$ Sold $220$ London shares for $$14,080.$

Dec. $31$ The fair value of the Lohion shares was $$59,400.$

$($a$)$

Record the above transactions and events. $($lf no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

$$ Account Titles

Debit

Credit