Q5. Lambert Co. Ltd purchased 100 shares of Microsoft Co. shares as a short-term investment at 50 per share plus a brokerage fee of 250 on March 20, 2023 Lambert Co. sold all of its Microsoft shares at 45 per share less a brokerage fee of 100 on April 30, 2023 Journalize both transactions in the general journal by using debit (dr.) and credit (cr.) entries [20 points]

To journalize the transactions for Lambert Co. Ltd's purchase and sale of Microsoft Co. shares, we need to record the initial purchase, the brokerage fee, and the subsequent sale, including the brokerage fee.### Journal Entry for Purchase of Microsoft Shares**Date:** March 20, 20231. **Debit (Dr.):** Investments in Microsoft Co. (100 shares) - 5,000**Explanation:** Lambert Co. Ltd purchased 100 shares of Microsoft Co. at 5,000.**Journal Entry:**```Date Account Debit CreditMar 20 Investments in Microsoft Co. (100 shares) 5,000```### Journal Entry for Brokerage Fee on Purchase**Date:** March 20, 20231. **Debit (Dr.):** Miscellaneous Expense - 250**Explanation:** Lambert Co. Ltd paid a brokerage fee of 250 Cash 4,5002. **Credit (Cr.):** Investments in Microsoft Co. (100 shares) - 45 per share, which totals 500.**Journal Entry:**```Date Account Debit CreditApr 30 Cash 5,000```### Journal Entry for Brokerage Fee on Sale**Date:** April 30, 20231. **Debit (Dr.):** Miscellaneous Expense - 100**Explanation:** Lambert Co. Ltd paid a brokerage fee of 100 Cash 5,000 Cash 250 Cash 4,500 Investments in Microsoft Co. (100 shares) 100 Cash $100 ```These entries accurately reflect the transactions and the associated costs and revenues.