QUESTION 2 Question Completion Status: In its first year of operations, Jordan Company had the following selected transactions in stock levestments (inges than 20%) June 1 Purchased for cash 300 shares of Grant corrumon stock at 524 per share November 1 Sold 300 shares of Grant common stock for cash at $27 per share December 1 Received a $0.75 per share cash dividend on Grant common stock INSTRUCTIONS: Assume the June 1 and November 1 transactions have been recorded. Prepare the journal entry for the December 1 transaction isted above Account names used must be appropriate and spelled correctly. A word bank is provided below. Amounts should be red accordingly. 12.000 Word Bank: Cash Interest Receivable Debt Investments Interest Revenue Dividend Revenue Loss on Sale of Debt Investments Fair Value Adjustment-AFS Revenue from Stock Investments Fair Value Adjustment-Stock Stock Investments Fair Value Adjustment Trading Unrealized Gain or Loss Equity Gain on Sale of Debt Investments Unrealized Gain or Loss-Income Debit Credit Date Account Titles and Explanation