The Following Transactions and Information Pertain to Lazar Corporation for 2009

question 158

Essay

The following transactions and information pertain to Lazar Corporation for 2009 and 2010.
2009
May 1 Purchased 3,000 shares of Ross Corporation common stock at $\$ 20$ per share (representing 5 percent of Ross's total outstanding stock) as a long-term investment.

Sept. 1 Received a cash dividend from Ross equal to $\$ .60$ per share.
Dec. 31 Market value of Ross stock at year end was $\$ 18$ per share.

2010
Sept. 1 Received a cash dividend from Ross equal to $.50 per share.
Nov. 1 Sold 400 shares of Ross at $\$ 19$ per share.
Dec. 31 Market value of Ross stock at vear end was $\$ 17$ per share.
Prepare entries in journal form,without explanations,to record the above.Lazar's accounting year ends December 31.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Conditioned Stimulus

A stimulus that was once neutral but, through association with an unconditioned stimulus, triggers a conditioned response.

Observational Learning

Learning that occurs through observing the behaviors of others and the outcomes of those behaviors.

Classical Conditioning

The process by which learning is facilitated through the connection of a stimulus from the environment with one that occurs innately, resulting in a conditioned reaction.