Prepare the Journal Entries for the Following Transactions for Batson

Prepare the journal entries for the following transactions for Batson Co.(a)Batson Co. purchased 1,200 shares of the total of 100,000 outstanding
shares of Michael Corp. stock for $20.75 per share plus a $70 commission.(b)Michael's total earnings for the period are $84,000.(c)Michael's paid a total of $40,000 in cash dividends to shareholders of record.

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(a) (b)No entry
(c)...

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