Nosker Inc. had the following transactions pertaining to investments in common stock.

Jan. 1	Purchased 2,500 shares of Escalante Corporation common stock (5%) for $152,000 cash
July 1	Received a cash dividend of $3 per share.
Dec. 1	Sold 500 shares of Escalante Corporation common stock for $32,000 cash.
Dec. 31	Received a cash dividend of $3 per share.

Instructions

Journalize the transactions.

Solution

Nosker Inc.
Journal Entries

Problems: Investments

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Problem-06: Investments

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Problem-08: Investments

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Problem-09: Investments

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Problem-10: Investments

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Problem-11: Investments

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Problem-12: Investments

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Problem-13: Investments

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Problem-14: Investments

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Problem-15: Investments

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Problem-16: Investments

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Problem-17: Investments

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Investments

Problem-10: Investments

Instructions

Solution

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