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please show working. thank you 3 of 8 SHORT ANSWER Present entries to record the following selected transactions of Belton Co. whose fiscal year-end is

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3 of 8 SHORT ANSWER Present entries to record the following selected transactions of Belton Co. whose fiscal year-end is December 31, 2020. Show the adjustment entry required on December 31, 2020. [14 pts] 2020 July 1. Purchased 500 shares of $10 par common shares of Denver Corporation for $5,100. Aug.1 Purchased 2,000 shares of the 12,000 shares $2 par common shares of Reilly Co, at the market price of $12 per share Sept. 15 Received a cash dividend of 21 cents per share on the Denver Corporation Sept.30 Received a cash dividend of 50 cents per share on the Reilly Co. Oct. 18 Sold 100 shares of the Denver Corporation shares for $2,100, Dec.31 The Market value of the Denver Corporation shares was $12 per share and that of Relly Corporation was $6 per share Enter Antwer

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