The following equity investment transactions were completed by Chung Company in 2016: Mar. 4. Purchased 4,000 shares

Question:

The following equity investment transactions were completed by Chung Company in 2016:
Mar. 4. Purchased 4,000 shares of Jas Company for a price of $50 per share plus a brokerage commission of $100.
May 12. Received a quarterly of $0.75 per share on the Jas Company investment.
June 17. Sold 1,400 shares for a price of $44 per share less a brokerage commission of $80.
Journalize the entries for these transactions.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...