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On August 1 Larkspur finance in corporation buys 3700 datawave common shares for trading purposes $140,600 cash .on October 15, . Larkspur receives a cash dividend of $ 3.15 per share from datawave. On December 1 larkspur sells the shares for $148000 Cash.
Question 1: Prepare the journal entry to record the purchase of the shares
Aug 1st
Question 2: Prepare the journal entry to record the receipt of the divedends
Oct 15
Question 3: Prepare the journal entry to record the sales of the shares
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