Pharoah, Inc. had the following equity investment portfolio at January 1, 2017.

Evers Company		1,050 shares @ $16 each		$16,800
Rogers Company		860 shares @ $21 each		18,060
Chance Company		510 shares @ $9 each		4,590
Equity investments @ cost				39,450
Fair value adjustment				(7,290	)
Equity investments @ fair value				$32,160

During 2017, the following transactions took place.

1.		On March 1, Rogers Company paid a $2 per share dividend.
2.		On April 30, Pharoah, Inc. sold 310 shares of Chance Company for $11 per share.
3.		On May 15, Pharoah, Inc. purchased 100 more shares of Evers Company stock at $17 per share.
4.		At December 31, 2017, the stocks had the following price per share values: Evers $18, Rogers $20, and Chance $8.

During 2018, the following transactions took place.

5.		On February 1, Pharoah, Inc. sold the remaining Chance shares for $8 per share.
6.		On March 1, Rogers Company paid a $2 per share dividend.
7.		On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month.
8.		At December 31, 2018, the stocks had the following price per share values: Evers $20 and Rogers $22.

(a)

Prepare journal entries for each of the above transactions. (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.)

No.	Account Titles and Explanation	Debit	Credit
(1)
(2)
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(5)
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(7)
(8)