Equity Investments: Less than $20\%$ ownership

On September $12,3,100$ shares of Denver Company's common stock are acquired at a price of $$53$ per share plus a $$155$ brokerage

commission. On October $15,$ an $$1\mathrm{.}30-$per$-$share dividend was received on the Denver Company stock. On November $10,1,240$ shares of

the Denver Company stock were sold for $$48$ per share less a $$62$ brokerage commission. At the end of the accounting period on

December $31,$ the fair value of the remaining $1,860$ shares of Denver Company's stock was $$47$ per share. Denver Company has $360,000$

shares of common stock outstanding.

Journalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method. If an amount box

does not require an entry, leave it blank.

Sep. $12$ Investments$-$Denver Company Stock $,$

Cash

Oct. $15$

Dividend Revenue

Nov. $10$ Cash

Loss on Sale of Investments

Investments$-$Denver Company Stock

Dec. $31$ Unrealized Loss on Equity Investments

Valuation Allowance for Equity Investments