Focus Ltd completed the following investment transactions. Journalize the transactions, providing explanations. (Click on the icon to view the transactions.) Make the journal entry to record the purchase of 10,000 common shares of Levell Inc. at a price of $45.00 per share. Brokerage commissions were $425. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts Debit Credit 2019 red on December 1, 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry Oct 16 Brokerage Commission Expense Cash Dividend Revenue Fair Value Make the journal Fair Value Adjustment table.) Fair Value Valuation Allowance Gain on Sale of Investment Long-Term Investments Date Loss on Sale of Investment Short-Term Investments Choose from an Unrealized Gain on Fair Value Adjustment Unrealized Loss on Fair Value Adjustment Debit Credit tion ? Hent transactions. Journalize the transactions, providing explanations. ctions.) Transactions - X se of 10,000 common sha debits first, then credits. S Journal 2019 Accounts Oct 16 Dec. 1 Purchased 10,000 of the 60.000 outstanding common shares of Levell Inc. at a price of $45.00 per share, Levell Inc. is known for its generous dividends, so Focus Ltd plans to hold the investment for more than one year. Brokerage commissions were $425. Received a cash dividend of $2.00 per share on the Levell Inc. shares At Focus Ltd's year end, adjusted the investment to its fair value of $4600 per share 31 2020 Feb. 15 ividend of $2.00 per share Suddenly needing cash Focus Ltd sold half the Levell Inc. shares for $49.00 per share. Brokerage commissions were $260. Select the explanation on Joumal E Accounts Print Done in the input fields and then continue to the next question o Make the journal entry to record the cash dividend of $2.00 per share on the Levell Inc. shares received on December 1, 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts Debit Credit 2019 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Dec. 1 Brokerage Commission Expense Cash Dividend Revenue Fair Value Make the journal Fair Value Adjustment Fair Value Valuation Allowance Gain on Sale of Investment Date Long-Term Investments Loss on Sale of Investment Choose from any Short-Term Investmerits Unrealized Gain on Fair Value Adjustment Tinrealized Locc on Fair Valie Aditsiment Debit Credit stion. Make the journal entry to record the adjustment to fair value of $46.00 per share on December 31, 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts Debit Credit 2019 ommissions of $260 on February 15, 2020. (Record debits first, then credits. Select the explanation on the last line of the Dec 31 Brokerage Commission Expense Cash Dividend Revenue Fair Value Make the jourt Fair Value Adjustment journal entry Fair Value Valuation Allowance Gain on Sale of Investment Long-Term investments Date Loss on Sale of Investment Choose from Short-Term Investments Unrealized Gain on Fair Value Adjustment Unrealized Loss on Fair Value Adjustment Debit Credit estion. ? Make the journal entry to record the sale of half of the Level Inc. shares at $49.00 per share with commissions of $260 on February 15, 2020. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts Debit Credit 2020 V Feb. 15