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ACC - Samuelson Company

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Question;The following are investment transactions of Samuelson Company.2011July 1 Purchased 350 shares of Bateman Company stock at $22 per share plus a brokeragefee of $600. The Bateman stock is classified as trading.Oct. 31 Received a cash dividend of $2.00 per share on the Bateman stock.Dec. 31 At year-end, Bateman stock had a market price of $19 per share.2012Feb. 20 Sold 175 shares of the Bateman stock for $26 per share.Oct. 31 Received a cash dividend of $2.20 per share on the Bateman stock.Dec. 31 At year-end, Bateman stock had a market price of $29 per share.Prepare the journal entries to account for these transactions.

 

Paper#39976 | Written in 18-Jul-2015

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