Athletic Accessories has the following transactions related to investments in common stock. May 1 Purchases 5,400 shares (insignificant influence) of Endurance Wear common stock for $21 per share. June 30 Receives a cash dividend of $1 per share. October 18 Sells 2,500 shares of Endurance Wear common stock at $24 per share. December 31 Adjusts the investments to fair value. The fair value of Endurance Wear common stock is now $33 per share. 1. Record each of these transactions, including an entry on December 31 to adjust the investment to fair value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of investment. Note: Enter debits before credits. Date General Journal Debit Credit May 01 Common Stock 113,400 Cash 113,400 2. Calculate the balance of the Investment account on December 31. Balance of the Investments account