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Post to the account Stock Investments. Stock Investments Jan. 1 Balance 109,302 Sept. 1 7,326 Oct. 1 12,760 Dec. 31 Balance 89,216 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare the adjusting entry at December 31, 2022, to show the securities at fair value. Cullumber has less than a 20% ownership interest in all these common stocks (C Co., D Co., and E Co.). (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.) Date Account Titles and Explanation Debit Credit Dec. 31 On December 31, 2021, the end of its first year of coperties, Cullianier Associates owned the following securities that are held as long-term investments. Common Stock Shares Cost C Co. 990 $13.560 D C 5.330 39 442 E CO 1.315 26,300 On this cate, the total fair value of the securities was equal to its cost. The securities are rathes for influence of control over the investees. In 2022. the following transactions occurred July 1 Aug | 1 Sept. 1 Oct 1 Received $2.00 per stare semiannual cash dividend on D Co.common stock Received $0.50 per share cash dividend on C Co.common stock. Sold P90 shares of D Cu, Current stax:k Fix cash at $8 fier sta Sold 290 shares of C Co. common stock for cash at $52 per share. Received $1 per share cash dividend on E Co.common stock 1 Rexeived $0.50 per stare cash dividend en Cu.commencer stk. Received $2.20 per share semiannual cash dividend on D Co. common stock Nov. 1 Dec. 15 31 At December 31. the fair values per share of the common stocks were C Co. 543, D Co.57.20, and E Co. $24. These investments should be classified as long-term Your answer is correct Journalize the 2022 transactions. (Record journal entries in the order presented in the problem. 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) Date Account Titles and Explanation Debit Credit July 1 Cash 10,650 Dividers Revenue 10,660 Age 1 al 495 Dividend Run 493 Seul 1 Cash 7.920 Gain on Sale of Stock Investments 594 Slock investments 7326 Oct. 1 Cach 15.000 Stock Investments 12.760 Gain on Sale of Stock Investments 2.920 NOM 1 v Cash 1315 Dividend Revenue 1.215 Dec 13 Cash 333 Dividend Revenue 350 Dec 31 Casti 9540 Dividend Revenue 9.549

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