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Question - Archway Tech Corp. manufactures surveying equipment. Journalize the entries to record the following selected equity investment transaction 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 $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.

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