Financial Accounting: E16-4 Dossett Company had the following transactions

Financial Accounting 
E16-4 
Dossett Company had the following transactions pertaining to stock investments. 
Feb. 1 Purchased 600 shares of Goetz common stock (2%) for $6,000 cash, plus brokerage fees of $200.
Jul 1 Received cash dividends of $1 per share on Goetz common stock. 
Sept. 1 Sold 300 shares of Goetz common stock for $4,400, less brokerage fees of $100. 
Dec. 1 Received cash dividends of $1 per share on Goetz common stock. 

Instructions 
a. Journalize the transactions. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) 
b. Explain how dividend revenue and the gain (loss) on sale should be reported in the income statement.
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