On December 31, 2021, the end of its first year of operations, Pharoah Associates owned the following securities that are held as long-term investments. Common Stock Shares Cost C Co. 940 $48,880 D Co. 4,640 36,656 E Co. 1,169 23,380 On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2022, the following transactions occurred. July 1 Received $2.00 per share semiannual cash dividend on D Co. common stock. Aug. 1 Received $0.50 per share cash dividend on C Co. common stock. Sept. 1 Sold 1,020 shares of D Co. common stock for cash at $9 per share. Oct. 1 Sold 274 shares of C Co. common stock for cash at $54 per share. Nov. 1 Received $1 per share cash dividend on E Co. common stock. Dec. 15 Received $0.50 per share cash dividend on C Co. common stock. 31 Received $2.30 per share semiannual cash dividend on D Co. common stock. At December 31, the fair values per share of the common stocks were C Co. $51, D Co. $7.70, and E Co. $24. These investments should be classified as long-term. (a) Journalize the 2022 transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

(a)

Journalize the 2022 transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date July 1Aug. 1Sept. 1Oct. 1Nov. 1Dec. 15Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Aug. 1Sept. 1Oct. 1Nov. 1Dec. 15Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Aug. 1Sept. 1Oct. 1Nov. 1Dec. 15Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Aug. 1Sept. 1Oct. 1Nov. 1Dec. 15Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Aug. 1Sept. 1Oct. 1Nov. 1Dec. 15Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Aug. 1Sept. 1Oct. 1Nov. 1Dec. 15Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Aug. 1Sept. 1Oct. 1Nov. 1Dec. 15Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Post to the account Stock Investments.

Stock Investments
choose a transaction date Jan. 1 BalanceFeb. 1Mar. 1Apr. 1Sept. 1Oct. 1Dec. 31 Balance	enter a debit amount	choose a transaction date Jan. 1 BalanceFeb. 1Mar. 1Apr. 1Sept. 1Oct. 1Dec. 31 Balance	enter a credit amount
choose a transaction date Jan. 1 BalanceFeb. 1Mar. 1Apr. 1Sept. 1Oct. 1Dec. 31 Balance	enter a debit amount	choose a transaction date Jan. 1 BalanceFeb. 1Mar. 1Apr. 1Sept. 1Oct. 1Dec. 31 Balance	enter a credit amount
choose the end date of the accounting period Jan. 1 BalanceFeb. 1Mar. 1Apr. 1Sept. 1Oct. 1Dec. 31 Balance	enter a debit balance	choose the end date of the accounting period Jan. 1 BalanceFeb. 1Mar. 1Apr. 1Sept. 1Oct. 1Dec. 31 Balance	enter a credit balance