Princeton Company acquired some of the 58,000 outstanding shares of the common stock of Cox Corporation as trading securities. The accounting period for both companies ends December 31. Assume that Princeton Company purchased the voting stock of Cox Corporation for its portfolio of available-for-sale securities instead of its trading securities portfolio. July 2 Purchased 8,700 shares of Cox common stock at $26 per share. Dec. 15 Cox Corporation declared and paid a cash dividend of $5 per share. Dec. 31 Determined the fair value of Cox stock to be $27 per share. Required: Prepare the journal entries for each of the above transactions listed. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the purchase of 8,700 shares of Cox common stock at $26 per share. Note: Enter debits before credits. Date General Journal DebitCredit Jul 02