On August 1, 2021, Cinrich Ltd. purchased 1,200 Datawave Inc. common shares for $43,300 cash with the intention of trading the shares and using the fair value through profit or loss model. Datawave declared a dividend of $1 per common share, which Cinrich received on December 28, 2021. On December 31, 2021, Cinrichs year end, the shares fair value was $47,900.

Prepare the journal entry to record the purchase of this investment on August 1. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Aug. 1	enter an account title for the journal entry on August 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on August 1	enter a debit amount	enter a credit amount

List of Accounts

Prepare the journal entry to record the receipt of the dividend on December 28. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 28	enter an account title for the journal entry on December 28	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 28	enter a debit amount	enter a credit amount

List of Accounts

Prepare the journal entry to record any adjusting journal entry required at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount