Review the following long-term, equity security transactions of Tustin Department Stores Click the icon to view the transactions.) Requirement 1. Joumalize the long-term, equity security transactions of Tustin Department Stores 2. Purchased 470 shares of Redtum Fine Foods common stock at $34 per share less than 10% of Redburn's outstanding stock), with the intent of holding the stock for the indefinite future. (Record debitis first) Journal Entry More Info Accounts Credit Debit a. Purchased 470 shares of Redbum Fine Foods common stock at $34 per share (less than 10% of Redburn's outstanding stock), with the intent of holding the stock for the indefinite future. b. Received a cash dividend of $1. 10 per share on the Redburn investment c. Al year end adjusted the investment account to fair value of $42 per share d. Sold the Redburn shock for $20 per share Print Done