estion 1 In its first year of operations, Jordan Company had the following selected transactions in stock investments Proldings fess than 20%) 1-Jun 1 1-Sep 1-Nov 1-Dec Purchased for cash 600 shares of Grant common stock at $24 per share. Purchased for cash 800 shares of Pippon Corporation common stock at $33 per share. Received a $1 per share cash dividend from Pippen Corporation Sold 200 shares of Grant common stock for cash at $27 per share. Received a $0.50 per share cash dividend on Grant common stock. December 31, the fair values per share were Grant $25 and Pippen $30. NSTRUCTIONS: -) Prepare the journal entries for the transactions listed above. Prepare the adjusting entry at December 31 to report the securities at fair value. The table must be completed first to determine the amount of the adjustru count names used must be appropriate and spelled correctly. A word bank is provided below. Amounts should be keyed accordingly (ex. 12,000 ord Bank: MacBook Air 80 F3 DOO DOO F4 F6 12 FS F $ % & (10) Debit Accountities Date Creat Jun 1- 1- Sep 1- Nov 15- Dec MECBOOK AIR 80 DOO Doa (b) Cost Fair Value Unrealized Gain (Loss) Investment Grant common stock Pippen common stock Totals Account Titles Debit Credit Date 31- Dec MacBook Air DOO 80 F3 11 F2 F4