Respuesta :
Answer: Please see answer in explanation column
Explanation:
1. Journal to record original purchase.
Date        Account               Debit          Credit
Sept 12   Investment- Aspen stock   $100,200.
           Cash                                $100,200.
Calculation
Cash = 2,000 shares  x $50 per share =  100,000 + brokerage commission of $200
= $100,200.
2.Journal to record dividend received
Date        Account               Debit          Credit
Oct 15  Cash                     $1000.
         Dividend revenue                       $1000
Calculation
dividend received = $2000 x  $0.50-per-share dividend =$1000
3..Journal to record sale of investment Â
Date        Account               Debit          Credit
Nov 10  Cash                     $50,250
       Loss from sale              $9,870
Investment - Aspen stock                          $60,120
Calculation
Purchase price of 1 Share in Aspen stock = 100,200/2000 = 50.10 per share
Investment = share sold x purchase amount of 1 share in Aspen stock Â
          1,200 x 50.10= $60,120
Cash = 1,200 shares  x $42 per share =  100,000 - brokerage commission of $150
= $50,250