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Journalize the entries for these transactions

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Reference no: EM132692270

Problem - The following equity investment transactions were completed by Romero Company during a recent year:

Apr. 10. Purchased 5,000 shares of Dixon Company for a price of $25 per share plus a brokerage commission of $75.

July 8. Received a quarterly dividend of $0.60 per share on the Dixon Company investment.

Sept. 10. Sold 2,000 shares for a price of $22 per share less a brokerage commission of $120.

Required - Journalize the entries for these transactions.

Reference no: EM132692270

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