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In its first year of operations, Jordan Company had the following selected transactions in stock investments (holding less than 20%) July 1 Purchased for canh

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In its first year of operations, Jordan Company had the following selected transactions in stock investments (holding less than 20%) July 1 Purchased for canh 900 shares of Pippen Corporation common stock 533 per she September 1 Received a 31 per share cash dividend from Pippen Corporation INSTRUCTIONS: Assume the July 1 transaction was recorded Prepare the journal entry for the September 1 transaction listed above Account names used must be appropriate and spelled correctly. A wond bank is provided below. Amounts should be beyed accordingly fex 12.0001 Word Bank: Cash Interest Receivable Debt Investments Interest Revenue Dividend Revenue Loss on Sale of Debt Investments Far Value Adjustment AFS Revenue from Stock Investments Fair Value Adjustment Stock Stock Investments Fair Value Adjustment Trading Unreakred Gain or Loss Equity Gain on Sale of Debt Investments Unrealized Gain or Loss Income Date Account Titles and explanation Debit credit Click Save and submit to rant and submit Clio Suelto me all annen Save AS A

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