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

Quan Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions

completed by Quan during a recent year using the fair value method.

Feb. $2$ Purchased for cash $750$ shares of Celeste Inc.$\text{'}$s common stock for $$42$ per share plus a $$375$ brokerage commission.

Celeste Inc. has $90,000$ shares of common stock outstanding.

Mar. $6$ Received dividends of $$0\mathrm{.}30$ per share on Celeste Inc, stock.

June $7$ Purchased $400$ shares of Celeste Inc. stock for $$49$ per share plus a $$200$ brokerage commission.

July $26$ Sold $850$ shares of Celeste Inc. stock for $$55$ per share less a $$425$ brokerage commission. Quan assumes that the first

investments purchased are the first investments sold.

Sept. $25$ Received dividends of $$0\mathrm{.}40$ per share on Celeste Inc. stock.

Dec. $31$ At the end of the accounting period, the fair value of the remaining $300$ shares of Celeste Inc. stock was $$17,350.$

If an amount box does not require an entry, leave it blank. When required, round final answers to the nearest dollar.

Feb. $2$ Investments$-$Celeste Inc. Stock $,31,875$

Mar. $6$

Dividend RevenueDec. $31$ At the end of the accounting period, the fair value of the remaining $300$ shares of Celeste Inc. stock was $$17,350.$

If an amount box does not require an entry, leave it blank. When required, round final answers to the nearest dollar.