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Journalize the investment transactions of russell corp

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Reference no: EM132768375

Problem 1: Journalize the following investment transactions of Russell Corp.:

2020 Nov.

6 Purchased 1,200 common shares of Aveda Corporation at $78.00 per share, with brokerage commission of $500. The shares will be sold early in 2021.

nov 30 Received a cash dividend of $3.85 per share on the Aveda Corporation investment.

Dec. 31 The share price for Aveda Corporation's common shares was $76.25 on December 31, 2020, which is Russell Corp.'s year-end.

2021

Jun. 14 Sold the Aveda Corporation shares for $79.50 per share. Brokerage commissions were $400.

Reference no: EM132768375

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