Answered Essay: Journalize the entries to record the following selected equity investment transactions completed by Flurry Com

4. Journalize the entries to record the following selected equity investment transactions completed by Flurry Company during the current year. Flurrys purchase represents less than 20% of the total outstanding Bra ter stock. February 2 April 16 June 17 Purchased for cash 500 shares of Braxter Co. stock for $34 per share plus a S250 brokerage commission. Received dividends of $0.35 per share on Braxter Co. stock Sold 100 shares of Braxter Co. stock for $40 per share less a $100 brokerage commission. ANSWER:

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

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