On february 15, jewel company buys 7,500 sharfernwood company is preparing the company's statement of cash flows for the fiscal year just ended. the following information is available: retained earnings balance at the beginning of the year $ 308,000 cash dividends declared for the year 68,750 proceeds from the sale of equipment 118,000 gain on the sale of equipment 6,750 cash dividends payable at the beginning of the year 30,250 cash dividends payable at the end of the year 37,500 net income for the year 151,250 the ending balance in retained earnings is: es of marcelo corp. common stock at $28.58 per share plus a brokerage fee of $425. the stock is classified as long-term available-for-sale securities. this is the company’s first and only investment in available-for-sale securities. on march 15, marcelo declares a dividend of $1.20 per share payable to stockholders of record on april 15. jewel received the dividend on april 15 and ultimately sells half of the marcelo stock on november 17 of the current year for $29.35 per share less a brokerage fee of $275. the journal entry to record the purchase on february 15 is:

investment on Marcelo Corp   214,775 debit

                               Cash                         214,775 credit

Explanation:

The journal entry to record the purchase on February 15 is:

There was an issue with how you paste the question but I figured out:

On February 15, Jewel Company buys 7,500 shares of Marcelo Corp. common stock at $28.58 per share plus a brokerage fee of $425.

We will enter the shares for the cost it need to be in the company's possesions, this includes the brokerage fee.

7,500 x 28.58 + 425 = 214.775‬

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

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