Entries for equity investments: less than 20% ownership On February 22, Triangle Corporation acquired 7,900 shares of the 275,000 outstanding common stock of Jupiter Co. at $29.90 plus commission charges of $790. On June 1, a cash dividend of $1.00 per share was received. On November 12, 2,600 shares were sold at $36 less commission charges of $312. At the end of the accounting period on December 31, the fair value of the remaining 5,300 shares of Jupiter Company's stock was $30.50 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 18 Feedback Check My Work 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 Cash Dividend Revenue Feedback Check My Work 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 Cash Dividend Revenue 88 Feedback Check My Work c. Using the cost method, journalize the entry for the sale of 2,600 shares. If an amount box does not require an entry, leave it blank. Nov. 12 Cash Gain on Sale of Investments Investments-Jupiter Co. Stock Feedback Check My Wo 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. Dec. 31 Valuation Allowance for Equity Investments Unrealized Gain on Equity Investments X