Sandhill Company had these transactions pertaining to stock investments:
Feb. 1 Purchased 1,257 shares of BJ common stock (2% of outstanding shares) for $8,799.
July 1 Received cash dividends of $2 per share on BJ common stock.
Sept. 1 Sold 490 shares of BJ common stock for $5,381.
Dec. 1 Received cash dividends of $1 per share on BJ common stock.
Required:
a. Journalize the transactions.
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