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Entries for equity investments: less than $20\%$ ownership

On February $22,$ Triangle Corporation acquired $3,300$ shares of the $115,000$ outstanding common stock of Jupiter Co$.$ at $$29\mathrm{.}80$ plus commission charges of $$660.$ On June $1,$ a cash dividend of $$1\mathrm{.}10$ per share was received. On November $12,1,100$ shares were sold at $$36$ less commission charges of $$132.$ At the end of the accounting period on December $31,$ the fair value of the remaining $2,200$ shares of Jupiter Company's stock was $$30\mathrm{.}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

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 $1q,$

$$

$$

Dividend Revenue $$

$$

$$

$$

$$

c$.$ Using the cost method, journalize the entry for the sale of $1,100$ shares. If an amount box does not require an entry, leave it blank.

Nov. $12$

$$

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$$

$$

$$

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