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Quan Corp. manufactures construction equipment. Feb. 2 Purchased for cash 3,100 shares of Celeste Inc.' common stock for $32 per share plus a $124 brokerage

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Quan Corp. manufactures construction equipment. Feb. 2 Purchased for cash 3,100 shares of Celeste Inc.' common stock for $32 per share plus a $124 brokerage commission. Celeste Inc. has 80,000 shares of common stock outstanding. Mar. 6 Recelved dividends of $0.45 per share on Celeste inc. stock. June 7 Purchased 1,400 shares of Celeste inc. stock for $38 per share plus a $56 brokerage commission. July 26 Sold 4,000 shares of Celeste inc. stock for $41 per share less a $100 brokerage commission. Quan assumes that the first investments purchased are the first investments sold. Sept. 25 Recelved dividends of 50.62 per share on Celeste inc. stock. Dec. 31 At the end of the accounting period, the fair value of the remaining 500 shares of Celeste Inc. stock was $20,720. Required: Journaize the entries to record the above selected equity investment transactions completed by Quan during a recent year using the fair value method. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals 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. Round your intermediate calculations to two decimal places, When required, round final answers to the nearest dollar

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