On August 3, 2015, Jeffrey Corporation purchased 3,800 shares of
Kevin Company for $220,400. The following information applies to
the stock price of Kevin Company:
Price
12/31/2015
$57
12/31/2016
$62
12/31/2017
$66
Kevin Company declares and pays cash dividends of $4 per share
on June 1 of each year.
1. Record the appropriate journal entries for:
August 04, 2015
December 31, 2015
June 01, 2016
December 31, 2016
June 01, 2017
December 31, 2017
2.
8/4/2015 Record the purchase of...