Journal entries for the original purchase dividend and sale

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Reference no: EM131224093

On February 12, Bearkat Corporation purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee.

Prepare the journal entries for the original purchase, dividend and sale. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

Reference no: EM131224093

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