Equity Investments: Less than 20% Ownership Instructions Chart of Accounts Journal Instructions On January 23, 15,000 shares of Aurora Company's common stock are acquired at a price of $25 per share plus a $150 brokerage commission. On April 12, a $0.50- per-share dividend was received on the Aurora Company stock. On June 10, 6.000 shares of the Aurora Company stock were sold for $31 per share less a $100 brokerage commission. At the end of the accounting period on December 31, the fair value of the remaining 9,000 shares of Aurora Company's stock was $30 per share. Aurora Company has 200,000 shares of common stock outstanding Required: Journalize the entries for the anginal purchase, dividend, sele, and change in fair value under the fair value method. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use ines for journal explanations. Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered Chart of Accounts CHART OF ACCOUNTS Aurora Company General Ledger CHART OF ACCOUNTS Aurora Company General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 121 Allowance for Doubtful Accounts 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 161 investments-Aurora Company Stock 165 Valuation Allowance for Equity investments 166 Valuation Allowance for Available-for-Sale Investments 181 Land 193 Office Equipment 194 Accumulated Depreciation-Office Equipment REVENUE 410 Sales 611 Interest Revenue 612 Dividend Revenue 621 Income of Aurora Company 631 Gain on Sale of investments 641 Unrealized Gain on Equity Investments EXPENSES 511 Cost of Merchandise Sold 512 Bad Debt Expence 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 534 Seting Expenses 0 0 Print Item account titles. CNOW journals do not use lines for journal explanations Every line on a journal page is used for debit or credit entries CNOW journal will automatica lent a credit entry when a credit amount is entered ow does stadins work? ACCOUNTING EQUATION ASSATS LABILITIES JOURNAL Score: 109/113 DATE Jan. 23 Investments-Aurora Company Stock DESCRIPTION POST REF DEBIT CREDIT 575,150.00 Cash $25.150.00 Apr. 12 Cash 7.500.00 Dividend Revenue 7.500.00 Jun. 10 Cash 185.900.00 Gain on Sale of Investments 35.840.00 150.060.00 Investments-Aurora Company Stock $3,910.00 Dec. 31 Valuation Allowance for Equity Investments 55.910.00 Unrealized Gain on Equity investments 2122-22