Journalize the Entries to Record the Following Selected Equity Investment $\quad$

question 130

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 stock.

February 2 $\quad$ Purchased for cash 500 shares of Braxter Co. stock for $34 per share plus a $250 brokerage commission.
April 16 $\quad$ Received dividends of $0.35 per share on Braxter Co. stock.
June 17 $\quad$ Sold 100 shares of Braxter Co. stock for $40 per share less a $100 brokerage commission.

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