8. On May 15, 2018, Stacey Co. invests $10,000 in Dave, Inc. stock. Dave pays Stacey a $500 dividend on November 15, 2018. Stacey sells the Dave stock on December 10, 2018, for $9,400. Assume the Stacey Co. does not have significant influence over Dave, Inc. Journalize the 2018 transactions related to Stacey's investment in Dave stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Credit Begin by journalizing Stacey's initial investment in Dave, Inc., stock on May 15, 2018. Date Accounts and Explanation Debit 2018 May 15 10000 10000 Debit Credit Next, journalize Stacey's receipt of the November 15, 2018 dividend. Date Accounts and Explanation 2018 Nov. 15 Cash Dividend Revenue Debit Credit Now journalize Stacey's sale of the Dave, Inc., stock on December 10, 2018. Date Accounts and Explanation 2018 Dec. 10 10 Cash 9400 600 10000 Adjusted available-for-sale debt securities to market value. Adjusted trading debt securities to market value. Disposed of bond at maturity. Disposed of investment in stock. Purchased investment in bonds. Purchased investment in stock. Received cash dividend. Available-for-Sale Debt Investments Cash Dividend Revenue Interest Revenue Equity Investments Fair Value Adjustment-Available-for-Sale Fair Value AdjustmentTrading Gain on Disposal Held-to-Maturity Debt Investments Loss on Disposal Trading Debt Investments Unrealized Holding Loss-Available-for-Sale Unrealized Holding Loss-Trading