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

On February $22,$ Triangle Corporation acquired $7,700$ shares of the $270,000$ outstanding common stock of Jupiter Co$.$ at $$27\mathrm{.}90$ plus commission charges of $$770.$ On June $1,$ a cash dividend of $$1\mathrm{.}05$ per share was received. On November $12,2,500$ shares were sold at $$34$ less commission charges of $$300.$ At the end of the accounting period on December $31,$ the fair value of the remaining $5,200$ shares of Jupiter Company's stock was $$28\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. $22$

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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 $1$

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c$.$ Using the cost method, journalize the entry for the sale of $2,500$ shares. If an amount box does not require an entry, leave it blank.

Nov. $12$

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d$.$ Using the cost method, journalize the entry for the change in fair value. If an amount box does not require an entry, leave it blank.

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