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prepare the journal entries Orlando Corporation completed the following investment transactions during the...

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prepare the journal entries
Orlando Corporation completed the following investment transactions during the current year: Purchased 600 shares of Parker Company common stock for $22 per share plus a brokerage commission of $125. This investment is classified as Jan 17 trading securities. Purchased 40,000 of the 160,000 outstanding shares of Revco Company April 1 for $600,000. June 27 Received a dividend of $1.50 per share on Parker Company stock June 30 Revco Company reported earnings for the second quarter of $45,000 Purchased 2,500 shares of Meadowlark Company for $25 per share plus a Oct 15 brokerage fee of $500. This investment is classified as available-for-sale. Parker Company shares are selling for $30; Meadowlark shares are selling Dec 31 for $19 per share

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