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 Transactions - X 2019 Oct 16 2019 Oct 16 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 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 $46.00 per share. Journal Entry 31 Date Accounts Debit Credit 2019 2020 Feb. 15 Suddenly needing cash, Focus Ltd. sold half the Levell Inc. shares for $49.00 per share. Brokerage commissions were $260. Dec. 1 Print Done Done 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 Accounts Date Debit Credit 2019 Dec. 31 Make the journal entry to record the sale of half of the Levell 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.) i (Click on the icon to view the transactions.) Journal Entry Date Accounts Debit Credit 2019 Transactions Dec. 1 2019 Oct. 16 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. S Dec 1 Journal Entry Accounts 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 $46.00 per share. Date Debit Credit 31 2019 Dec. 31 2020 Feb. 15 Suddenly needing cash, Focus Ltd. sold half the Levell Inc. shares for $49.00 per share. Brokerage commissions were $260. Print Done Make the journal entry to record the sale of half of the Levell Inc. shares at $49.00 per share with commissions of $260 on February 15, 2020 try table.) Journal Entry Date Accounts Debit Credit 2020 Feb. 15 Choose from any list or enter any number in the input fields and then continue to the next