Review the following long-term, equity security transactions of Blanchard Department Stores: (Click the icon to view the transactions.) Requirement 1. Journalize the long-term, equity security transactions of Blanchard Department Stores. .... a. Purchased 430 shares of Jefferson Fine Foods common stock at $35 per share (less than 10% of Jefferson's outstanding stock), with the intent of holding the stock for the indefinite future. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Debit Credit a. Cash Dividend Revenue Gain on Sale of Equity Securities Investment in Equity Securities Loss on Sale of Equity Securities Unrealized Gain on Equity Securities Unrealized Loss on Equity Securities More info a. Purchased 430 shares of Jefferson Fine Foods common stock at $35 per share (less than 10% of Jefferson's outstanding stock), with the intent of holding the stock for the indefinite future. b. Received a cash dividend of $1.80 per share on the Jefferson investment. c. At year-end, adjusted the investment account to fair value of $38 per share. d. Sold the Jefferson stock for $26 per share. Print Done