(Solution) - Archway Tech Corp manufactures surveying equipment Journalize -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Archway Tech Corp. manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions completed by Archway during 2012:
Feb. 2. Purchased for cash 800 shares of Parr Inc. stock for $28 per share plus a $120 brokerage commission.
Apr. 16. Received dividends of $0.12 per share on Parr Inc. stock.
June 17. Purchased 600 shares of Parr Inc. stock for $33 per share plus a $150 brokerage commission.
Aug. 19. Sold 1,000 shares of Parr Inc. stock for $41 per share less a $200 brokerage commission. Archway assumes that the first investments purchased are the first investments sold.
Nov. 14. Received dividends of $0.15 per share on Parr Inc. stock.