Aug 12 Sold 750 shares of Isaacson Co stock for 32 per share

Last updated: 3/7/2023

Aug 12 Sold 750 shares of Isaacson Co stock for 32 per share Oct 31 Received dividends of 0 50 per share on Tett Co stock Dec 31 At the end of the accounting period the fair value of the remaining 600 shares of Tett Co s stock was 110 per share The fair value of the remaining 1 750 shares of Isaacson Co s stock was 30 per share urnalize the entries for these transactions If an amount box does not require an entry leave it blank Feb 24 Investments Tett Co Stock Cash May 16 Investments Isaacson Co Stock Cash July 14 Cash Gain on Sale of Investments Investments Tett Co Stock Aug 12 Cash Loss on Sale of Investments Investments Isaacson Co Stock Oct 31 Cash Dividend Revenue Dec 31 Valuation Allowance for Equity Investments 85 000 0 92 500 0 40 800 0 24 000 3 750 0 300 0 15 000 X 0 85 000 92 500 0 6 800 34 000 0 27 750 0 300 0