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In its first year of operations, Jordan Company had the following selected transactions in stock investments holdings less than 20%). Grant common stock: 400 shares,

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In its first year of operations, Jordan Company had the following selected transactions in stock investments holdings less than 20%). Grant common stock: 400 shares, purchased June 1 at $24 per share. Pippen common stock: 1.200 sharos, purchased July 1 at $33 per share. At December 31, the fair values per share were Grant $54 and Pippen $30. Investment Cost Fair Value Unrealized Gain (Loss). Grant common stock Pippen common stock Totals Debit Credit Date Account Titles and Explanation

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