(Solution) - The following equity investment related transactions were completed by Kindle Company in -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The following equity investment-related transactions were completed by Kindle Company in 2012:
Jan. 12. Purchased 1,400 shares of Inskip Company for a price of $48.90 per share plus a brokerage commission of $112.
Apr. 10. Received a quarterly dividend of $0.22 per share on the Inskip Company investment.
June 3. Sold 900 shares for a price of $44.50 per share less a brokerage commission of $65.
Journalize the entries for these transactions.