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VW Current Attempt in Progress Grouper Corporation purchased 500 oman shares of Sigma in for trading purposes for 515.500 on September and comed for the
VW Current Attempt in Progress Grouper Corporation purchased 500 oman shares of Sigma in for trading purposes for 515.500 on September and comed for the investment undur ASPE at FV NI. In December, Sigma declared and paid a cash didend of $170 pers. At yarn December 31, Slema shares were selling for $35.70 per share. In late January, Grouper cold the Signasares for $3682 per share Prepare Grouper Corporation's journal entry to record the purchase of the investment. Cet accountities are until Indented when the munientur. Denetinin may noonry is to Entry for the counteanul enter for the amount Account Thales and Explanation Debi Credit Date September Prepare Grouper Corporations ou try to record the dividens received from accounts retically in derfor Prepare Grouper Corporation's journal entry to record the dividends received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation Date December 31 Prepare Grouper Corporation's journal entry to record the fair value adjustment at December 31. Credit care automatically indented when the amount is entered for not inntally. If entry isured, ext"No Entry for the condities and enter for the amous Creta Debit Account Tales and Explanation Date December 31 Prepare Grouper Corporation's journal entry to record the orary sale of the investment. Cettes automatically need when the montisenteren. De not inden manually. If not, hentry the acties and of the amount Account Titles and Explanation Delit Credit Date January 31
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