Oriole Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,400 shares of Escalante Corporation common stock (4%) for $267,520 cash. July 1 Received a cash dividend of $5 per share. Dec. 1 Sold 880 shares of Escalante Corporation common stock for $56,320 cash. Dec. 31 Received a cash dividend of $5 per share. ....

Excel Applications for Accounting Principles
4th Edition
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Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 4R: The following selected transactions and events occurred during 2013: a. Issued 200 shares of...
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Oriole Inc. had the following transactions pertaining to investments in common stock.
Jan.
1
Purchased 4,400 shares of Escalante Corporation common stock (4%) for $267,520 cash.
July
1
Received a cash dividend of $5 per share.
Dec.
1
Sold 880 shares of Escalante Corporation common stock for $56,320 cash.
Dec. 31
Received a cash dividend of $5 per share.
Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the
account titles and enter O for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
Transcribed Image Text:Oriole Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,400 shares of Escalante Corporation common stock (4%) for $267,520 cash. July 1 Received a cash dividend of $5 per share. Dec. 1 Sold 880 shares of Escalante Corporation common stock for $56,320 cash. Dec. 31 Received a cash dividend of $5 per share. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit
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