Question - Nosker Inc. had the following transactions pertaining to investments in common stock.
Jan. 1 Purchased 3,300 shares of Escalante Corporation common stock (5%) for $184,800 cash.
July 1 Received a cash dividend of $4 per share.
Dec. 1 Sold 660 shares of Escalante Corporation common stock for $42,240 cash.
Dec. 31 Received a cash dividend of $4 per share.
Required - Journalize the transactions.