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Concord Corporation purchased 300 common shares of Sigma Inc. for trading purposes for $9.900 on September 8 and accounted for the investment under ASPE at

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Concord Corporation purchased 300 common shares of Sigma Inc. for trading purposes for $9.900 on September 8 and accounted for the investment under ASPE at FV-NI. In December, Sigma declared and paid a cash dividend of $1.69 per share. At year end, December 31, Sigma shares were selling for $35.60 per share. In late January, Concord sold the Sigma shares for $35.30 per share. Prepare Concord Corporation's journal entry to record the purchase of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit September 8 e Textbook and Media List of Accounts Prepare Concord Corporation's journal entry to record the dividends received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit December 31 Prepare Concord Corporation's journal entry to record the fair value adjustment at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit December 31 e Textbook and Media List of Accounts Prepare Concord Corporation's journal entry to record the January sale of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit January 31 eTextbook and Media List of Accounts

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