Question - Journalize the transactions - Nosker Inc. had the following transactions pertaining to investments in common stock.
Jan.1 Purchased 1,500 shares of Escalante Corporation common stock (6%) for $84,000 cash.
July1 Received a cash dividend of $2 per share.
Dec.1 Sold 300 shares of Escalante Corporation common stock for $19,200 cash.
Dec. 31 Received a cash dividend of $2 per share.