On December 28, Summit purchased Microsoft common shares for $466,000. On December 31, the shares had a fair value of $464.000 Record the initial investment by Summit and, if appropriate, an adjustment to record the investment at fair value. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of the investment. Note: Enter debits before credits General Journal Debit Credit Date December 28 Record entry Clear entry View general Journal On December 28, Summit purchased Microsoft common shares for $466,000. On December 31, the shares had a fair value of $464,000. Record the initial investment by Summit and, if appropriate, an adjustment to record the investment at fair value. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record adjusting entry of investments to fair value. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general Journal