Entries for Investment in Stock, Receipt of Dividends, and Sale of Shares
The following equity investment transactions were completed by Romero Company during a recent year:
Apr. Purchased shares of Dixon Company for a price of $ per share plus a brokerage commission of $
July Received a quarterly dividend of $ per share on the Dixon Company investment.
Sept. Sold shares for a price of $ per share less a brokerage commission of $
Journalize the entries for these transactions. If required, round the final answers to the nearest dollar.
For a compound transaction, if an amount box does not require an entry, leave it blank.
Apr. Purchase InvestmentsDixon Company Stock
July Dividend
Sept. Sale
Dividend Revenue
Loss on Sale of Investments
InvestmentsDixon Company Stock
