Clinton Financials completed the following long$-$term, available$-$for$-$sale investments during $2019$:

April $5$ Purchased $952$ shares of Jokers Corporation stock, paying $$52$ per share. The investment represents $4\%$ ownership in Jokers Corporation voting stock.

September $2$ Received a cash dividend of $$0\mathrm{.}79$ per share of the Jokers Corporation stock.

December $31$ Adjust the Jokers Corporation investment to its current market rate of $$51.$

On October $1,2020$ Clinton Financials sold its investments in Jokers Corporation stock for $$48$ per share.

Journalize the entries for $2019$ and the sale in $2020.$

Date

Description

Debit

Credit

April $5,2019$

September $2,2019$

December $31,2019$

October $1,2020$