Athletic Accessories has the following transactions related to investments in common stock. May 1 Purchases 5,900 shares (insignificant influence) of Endurance Wear common stock for $23 per share. The investment is properly classified as an available-for-sale security. June 30 Receives a cash dividend of $1 per share. October 18 Sells 2,700 shares of Endurance Wear common stock at $26 per share. December 31 Adjusts the investments to fair value. The fair value of Endurance Wear common stock is now $32 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 Record entry Clear entry View general journal