On February 1, Brutus Company purchased 1,000 shares (2% ownership) of Wynne Company common stock for $25 per share. On March 20, Brutus Company sold 200 shares of Wynne stock for $4,700. Brutus received a dividend of $1.20 per share on April 25. On June 15, Marcus sold 300 shares of Wynne stock for $8,500. Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit  Feb. 1Mar. 20Apr. 25June 15                Feb. 1Mar. 20Apr. 25June 15                        Feb. 1Mar. 20Apr. 25June 15

Question

On February 1, Brutus Company purchased 1,000 shares (2% ownership) of Wynne Company common stock for $25 per share. On March 20, Brutus Company sold 200 shares of Wynne stock for $4,700. Brutus received a dividend of $1.20 per share on April 25. On June 15, Marcus sold 300 shares of Wynne stock for $8,500.

Prepare the journal entries to record the transactions described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date
Account Titles and Explanation
Debit
Credit
 Feb. 1Mar. 20Apr. 25June 15
 
 
 
 
 
 
 
 Feb. 1Mar. 20Apr. 25June 15
 
 
 
 
 
 
 
 
 
 
 
 Feb. 1Mar. 20Apr. 25June 15
 
 
 
 
 
 
 
 Feb. 1Mar. 20Apr. 25June 15
 
 
 
 
 
 
 
 
 
 
 

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