Equity Investments Less than 20 ownership On September 12, 2,500 shares of Denver Companys common stock are acquired at a price of $44 per share plus a $125 brokerage commission On October 15, an $0 80 per share dividend was received on the Denver Company stock On November 10, 1,000 shares of the Denver Company stock were sold for $39 per share less a $50 brokerage commission At the end of the accounting period on December 31, the fair value of the remaining 1,500 shares of Denver Companys stock was $38 per share Denver Company has 370,000 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 CashDividend RevenueInterest ReceivableInvestments Denver Company StockNotes ReceivableInvestments Denver Company Stock Investments Denver Company Stock Investments Denver Company Stock CashDividend RevenueInterest ReceivableInvestments Denver Company StockNotes ReceivableCash Cash Cash Oct 15 CashDividend ReceivableDividend RevenueInvestments Denver Company StockNotes ReceivableCash Cash Cash CashDividend ReceivableDividend RevenueInvestments Denver Company StockNotes ReceivableDividend Revenue Dividend Revenue Dividend Revenue Nov 10 CashDividend RevenueGain on Sale of InvestmentsInvestments Denver Company StockNotes ReceivableCash Cash Cash Dividend RevenueDividends ReceivableGain on Sale of InvestmentsLoss on Sale of InvestmentsNotes ReceivableLoss on Sale of Investments Loss on Sale of Investments Loss on Sale of Investments CashDividend RevenueInvestments Denver Company StockLoss on Sale of InvestmentsNotes ReceivableInvestments Denver Company Stock Investments Denver Company Stock Investments Denver Company Stock Dec 31 CashDividend RevenueUnrealized Gain on Equity InvestmentsUnrealized Loss on Equity InvestmentsValuation Allowance for Equity InvestmentsUnrealized Gain on Equity Investments Unrealized Gain on Equity Investments Unrealized Gain on Equity Investments CashDividend RevenueUnrealized Gain on Equity InvestmentsUnrealized Loss on Equity InvestmentsValuation Allowance for Equity InvestmentsValuation Allowance for Equity Investments Valuation Allowance for Equity Investments Valuation Allowance for Equity Investments

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Equity Investments: Less than 20% ownership On September 12, 2,500 shares of Denver Companys common stock are acquired at a price of $44 per share

Equity Investments: Less than 20% ownership

On September 12, 2,500 shares of Denver Companys common stock are acquired at a price of $44 per share plus a $125 brokerage commission. On October 15, an $0.80-per-share dividend was received on the Denver Company stock. On November 10, 1,000 shares of the Denver Company stock were sold for $39 per share less a $50 brokerage commission. At the end of the accounting period on December 31, the fair value of the remaining 1,500 shares of Denver Companys stock was $38 per share. Denver Company has 370,000 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	CashDividend RevenueInterest ReceivableInvestments-Denver Company StockNotes ReceivableInvestments-Denver Company Stock	Investments-Denver Company Stock	Investments-Denver Company Stock
	CashDividend RevenueInterest ReceivableInvestments-Denver Company StockNotes ReceivableCash	Cash	Cash
Oct. 15	CashDividend ReceivableDividend RevenueInvestments-Denver Company StockNotes ReceivableCash	Cash	Cash
	CashDividend ReceivableDividend RevenueInvestments-Denver Company StockNotes ReceivableDividend Revenue	Dividend Revenue	Dividend Revenue
Nov. 10	CashDividend RevenueGain on Sale of InvestmentsInvestments-Denver Company StockNotes ReceivableCash	Cash	Cash
	Dividend RevenueDividends ReceivableGain on Sale of InvestmentsLoss on Sale of InvestmentsNotes ReceivableLoss on Sale of Investments	Loss on Sale of Investments	Loss on Sale of Investments
	CashDividend RevenueInvestments-Denver Company StockLoss on Sale of InvestmentsNotes ReceivableInvestments-Denver Company Stock	Investments-Denver Company Stock	Investments-Denver Company Stock
Dec. 31	CashDividend RevenueUnrealized Gain on Equity InvestmentsUnrealized Loss on Equity InvestmentsValuation Allowance for Equity InvestmentsUnrealized Gain on Equity Investments	Unrealized Gain on Equity Investments	Unrealized Gain on Equity Investments
	CashDividend RevenueUnrealized Gain on Equity InvestmentsUnrealized Loss on Equity InvestmentsValuation Allowance for Equity InvestmentsValuation Allowance for Equity Investments	Valuation Allowance for Equity Investments	Valuation Allowance for Equity Investments