On February $22,$ Triangle Corporation acquired $7,500$ shares of the $210,000$ outstanding common stock of Jupiter Co$.$ at $$42$ plus commission charges of $$150.$ On June $1,$ a cash dividend of $$2\mathrm{.}35$ per share was received. On November $12,3,200$ shares were sold at $$50$ less commission charges of $$170.$ At the end of the accounting period on December $31,$ the fair value of the remaining $4,300$ shares of Jupiter Company$$s stock was $$42\mathrm{.}52$ per share.

Required:

Using the cost method, journalize the entries for $($a$)$ the purchase of stock, $($b$)$ the receipt of dividends, $($c$)$ the sale of $3,200$ shares, and $($d$)$ the change in fair value. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar.

Using the cost method, journalize the entries for $($a$)$ the purchase of stock, $($b$)$ the receipt of dividends, $($c$)$ the sale of $3,200$ shares, and $($d$)$ the change in fair value. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar.