Original purchase-dividend and sale

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Reference no: EM13258032

On February 12, 6,000 shares of Lucas Company are acquired at aprice of $22 per share plus a $240 brokerage fee. On April 22, a $0. 42-per-share dividend was received on the Lucas Companystock. On May 10, 4,000 shares of Lucas stock were sold for $28 pershare less a $160 brokerage fee.

Required:

Prepare the journal entries for the original purchase, dividend and sale.

Reference no: EM13258032

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