Journal entries for holdings of marketable equity securities. Events related to Elston Corporation's investments of temporarily excess cash appear below. The firm classifies these investments as Securities Available for Sale.

Elston received no dividends on Security A. It received dividends from Security B of $1,000 on December 31. Year 4, and $1,200 on December 31. Year 5. Prepare dated journal entries for the events related to these investments, assuming that the accounting period is the calendar year.

a. Acquisition of securities

b. Receipt of dividends

c. Revaluation on December 31

d. Sale of securities(Appendix)

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Market Value on December 31 Date Security Acquired Acquisition Cost Date Year 4 Year S Sold Selling Price 10/15/Year 4 11/2/Year 4 $28.000 $25,000 $49,000 2/10/Year 5 $24,000 $55,000 $53,000 7/15/Year 6 $57.000