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teatries for equity investments: less than 20 sh ownerstip On Februacy 22, Triangle Cocporabon acculred 2,400 sheres of the 85,000 outstanding cemmon stook of kopter
teatries for equity investments: less than 20 sh ownerstip On Februacy 22, Triangle Cocporabon acculred 2,400 sheres of the 85,000 outstanding cemmon stook of kopter Co. at 139. 35 plus commission charges of 3360. On June 1. a cosh dividend of so 95 per thare was received. On November 12, 100 shares weie sold at s45 less commission charpes of $96. At the end of the accouneing period en December 31, the fol value of the remoining 1,600 shares of Jupker Cempamy' stock wos $40.50 per share. In your computations, round per share amounts to two decienal plsces. When required, round finat answers to the nearest dellar. a. Using the cost method, foumalire the entry for the purthase of stock. If an amount bor does not require an entry, lemene it blank. Feb. 22 b. Using the cout methed, foumalire the entrr for the receipt of dividends. If an amount bes does not fequere an eniry, leave it biank June 1 c. Using the cont methed, joumaline the entry for the sale of 800 shares. if an amount bok does not require an entry, leave it blank. 4. BNing the cest methed, murnalire the entry for the change in fair value. If an ameum bax does not require an entry, ieave a biank. oec-31
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