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ctions On January 23, 15,000 shares of Aurora Company's common stock are acquired at a price of $25 per share plus a $140 brokerage commission.

ctions On January 23, 15,000 shares of Aurora Company's common stock are acquired at a price of $25 per share plus a $140 brokerage commission. On April 12, a $0.35-per-share dividend was received on the Aurora Company stock. On June 10, 5,200 shares of the Aurora Company stock were sold for $31 per share less a $115 brokerage commission. At the end of the accounting period on December 31, the fair value of the remaining 9,800 shares of Aurora Company's stock was $30 per share. Aurora Company has 190,000 shares of common stock outstanding. Required: Journalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. When required, round your answers to the nearest dollar. DATE DESCRIPTION Investments-Aurora Company Stock Jan. 231 Cash Apr. 12 Cash Dividend Revenue Jun. 10 Cash Gain on Sale of Investments JOURNAL PAGE 10 ACCOUNTING EQUATION POST REF DEBIT CREDIT ASSETS LIABILITIES 375,140.00 T 375,140.00 5,250.00 5,250.00 161,085.00 161,085.00 EQUITY

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