Journalize the Entries to Record the Following Selected Equity Investment

question 79

Essay

Journalize the entries to record the following selected equity investment transactions completed by Flurry Company during the current year. Flurry's purchase represents less than 20% of the total outstanding Braxter Co. stock.​Feb. 2Purchased for cash 500 shares of Braxter Co. stock for $34 per share plus a $250 brokerage commission.Apr. 16Received dividends of $0.35 per share on Braxter Co. stock.June 17Sold 100 shares of Braxter Co. stock for $40 per share less a $100 brokerage commission.​

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