On December 31, 2017, Turnball Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of the investee.

Common Stock Shares Cost

Gehring Co. 1,830 $51,240

Wooderson Co. 4,860 38,880

Kitselton Co. 1,610 28,980

On December 31, 2017, the total fair value of the securities was equal to its cost. In 2018, the following transactions occurred:

Aug.1 Received $0.50per share cash dividend on Gehring Co. common stock.

Sept.1 Sold1,458 shares of Wooderson Co. common stock for cash at $7per share.

Oct.1 Sold732 shares of Gehring Co. common stock for cash at $31 per share.

Nov.1 Received $1 per share cash dividend on Kitselton Co. common stock

Dec.15 Received $0.50 per share cash dividend on Gehring Co. common stock.

Dec.31 Received $1 per share annual cash dividend on Wooderson Co. common stock.

At December 31, the fair values per share of the common stocks were: Gehring Co. $30, Wooderson Co. $7, and Kitselton Co. $16.

Journalize the 2018 transactions and post to the account Stock Investments. (Use the T-account form.)(Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem.)