Ch. 14 HW exercises CengageNOW2 Online teaching and learning resource from Cengage Learn eBook Show Me How Calculator Entries for equity Investments: less than 20% ownership On February 22, Triangle Corporation acquired 8,400 shares of the 295,000 outstanding common stock of Jupiter Co. at $39.80 plus commission charges of $1,680. On June 1, a cash dividend of $0.95 per share was received on November 12, 2,800 shares were sold at $48 less commission charges of $336. At the end of the accounting period on December 31, the fair value of the remaining 5,600 shares of Jupiter Company's stock was $40.50 per share. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar. a. Using the cost method, journalize the entry for the purchase of stock. If an amount box does not require an entry, leave it blank. Feb. 22 Investments-Jupiter Co. Stock Cash Feedback b. Using the cost method, journalize the entry for the receipt of dividends. If an amount box does not require an entry, leave it blank. June 1 Cash Dividend Revenue Feedback c. Using the cost method, journalize the entry for the sale of 2,800 shares. If an amount box does not require an entry, leave it blank. Nov. 12 Cash Gain on Sale of Investments Investments-Jupiter Co. Stock Feedback Next Check My Work b. Using the cost method, journalize the entry for the receipt of dividends. If an amount box does not require an entry, leave it blank. June 1 Cash Dividend Revenue Feedback c. Using the cost method, journalize the entry for the sale of 2,800 shares. If an amount box does not require an entry, leave it blank. Cash Nov. 12 Gain on Sale of Investments Investments-Jupiter Co. Stock 9 Feedback d. Using the cost method, journalize the entry for the change in fair value. If an amount box does not require an entry, leave it blank. Dec. 31 Valuation Allowance for Equity Investments Unrealized Gain on Equity Investments Feedback Feedback Check My Work