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On January 2 3 , 1 5 , 0 0 0 shares of Aurora Company s common stock are acquired at a price of $
On January shares of Aurora Companys common stock are acquired at a price of $ per share plus a $ brokerage commission. On April a $pershare dividend was received on the Aurora Company stock. On June shares of the Aurora Company stock were sold for $ per share less a $ brokerage commission. At the end of the accounting period on December the fair value of the remaining shares of Aurora Companys stock was $ per share. Aurora Company has shares of common stock outstanding.
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Journalize the entries for the original purchase, dividend, sale, and change in fair value under the fair value method. 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.
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