estion 1 In its first year of operations, Jordan Company had the following selected transactions in stock investments tholdings less than 20%). 1-Jun 1-Jul 1-Sep 1-Nov 1-Dec Purchased for cash 600...

estion 1 In its first year of operations, Jordan Company had the following selected transactions in stock investments tholdings less than 20%). 1-Jun 1-Jul 1-Sep 1-Nov 1-Dec Purchased for cash 600 shares of Grant common stock at $24 per share. Purchased for cash 800 shares of Pippen Corporation common stock at $33 per share. Received a $1 per share cash dividend from Pippen Corporation Sold 200 shares of Grant common stock for cash at $27 per share. Received a $0.50 per share cash dividend on Grant common stock at December 31, the fair values per share were Grant $25 and Pippen $30, NSTRUCTIONS: Prepare the journal entries for the transactions listed above. Prepare the adjusting entry at December 31 to report the securities at fair value. The table must be completed first to determine the amount of the adjustru count names used must be appropriate and spelled correctly. A word bank is provided below. Amounts should be keyed accordingly (ex. 12,000 ord Bank: MacBook Air cal Date Crecht Debit Account Titles Jun 1 1- Sep 1- Nov 15- Dec MED AT 80 DOO DOO (b) Cost Fair Value Unrealized Gain (Loss), Investment Grant common stock Pippen common stock Totals Account Titles Debit Credit Date 31- Dec MacBook Air 8: BO DOD OOO F4 F2 11 F3 65