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the income statement effects of the transactions

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the income statement effects of the transactions Santos Company had the following transactions pertaining to short-term investments in equity securities. Jan. 1 Purchased 1,500 shares of Quinn Company stock for $9,250 cash plus brokerage fees of $300. June 1 Received cash dividends of $.30 per share on Quinn Company stock. Sept. 15 Sold 400 shares of Quinn Company stock for $2,500 less brokerage fees of $100. Dec. 1 Received cash dividends of $.75 per share on Quinn Company stock. Instructions (a) Journalize the transactions. (b) Indicate the income statement effects of the transactions. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help

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