Reference no: EM131219235
Franklin Industries, Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year:
Feb. 6. Acquired 800 shares of Randolph Co. stock for $155 per share plus a $288 brokerage commission.
Apr. 21. Acquired 2,500 shares of Sterling Co. stock for $49 per share plus a $375 commission.
Aug. 15. Sold 300 shares of Randolph Co. stock for $172 per share less a $112 brokerage commission.
Sept. 8. Sold 900 shares of Sterling Co. stock for $39 per share less a $121 brokerage commission.
Oct. 31. Received dividends of $0.28 per share on Randolph Co. stock.
Journalize the entries for these transactions.
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