During the fourth quarter of 2018, Spring, Inc. generated excess cash, which the company invested in equity securities an follows: (Click on the icon to view the equity securities transactions.) Read the requirements Requirement 1. The following T-accounts for Cash (including its beginning balance of $19,000), Investment in Equity Securities, Dividend Revenue, and Unrealized Gain (Loss) on Equity Securities have been opened. Journalize the foregoing transactions and post to the T-accounts Begin by preparing the joumal entries for the transactions. (Record debits first, then credits, Exclude explanations from any journal entries) Nov 16: Purchased 1,500 common shares as an investment in equity securities, paying S9 per share. Spring owns less than 15% of the outstanding stock in the companies in which it invests Journal Entry Accounts Date Debit Credit Nov 16