Equity Investments: Less than 20% ownership

On September 12, 3,000 shares of Denver Companys common stock are acquired at a price of $53 per share plus a $150 brokerage commission. On October 15, an $1.10-per-share dividend was received on the Denver Company stock. On November 10, 1,200 shares of the Denver Company stock were sold for $47 per share less a $60 brokerage commission. At the end of the accounting period on December 31, the fair value of the remaining 1,800 shares of Denver Companys stock was $46 per share. Denver Company has 390,000 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		fill in the blank 2	fill in the blank 3
		fill in the blank 5	fill in the blank 6
Oct. 15		fill in the blank 8	fill in the blank 9
		fill in the blank 11	fill in the blank 12
Nov. 10		fill in the blank 14	fill in the blank 15
		fill in the blank 17	fill in the blank 18
		fill in the blank 20	fill in the blank 21
Dec. 31		fill in the blank 23	fill in the blank 24
		fill in the blank 26	fill in the blank 27