Current Attempt in Progress

On December $31,2021,$ the end of its first year of operations. Wildhorse Associates owned the following securities that are held as

long$-$term imestments.

On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the

irwestees. In $2022,$ the following transaxtions occurred.

July $1$ Received $$200$ per share semiannual cash dividend on D Co$.$ common stock

Aug. $1$ Received $$0\mathrm{.}50$ per share cash dividend on C Co$.$ common stock.

Sept. $1$ Sold $1,060$ shares of D Co$.$ common stock for cash at $$10$ per share.

Oct. $1$ Sold $328$ shares of $C$ Co$.$ common stock for cash at $$52$ per share.

Nov. $1$ Received $$1$ per share cash dividend on E Co$.$ common stock.

Dec. $15$ Received $$0\mathrm{.}50$ per share cash dividend on C Co$.$ common stock.

$31$ Received $$2\mathrm{.}20$ per share semiannual cash dividend on D Co$.$ common stock.

At December $31,$ the fair values per share of the common stocks were C Co$.$ $$50,$DCo.$$6\mathrm{.}80,$ and ECo$$25.$ These investments

should be classified as long$-$term.

$($a$)$

Journalize the $2022$ transxations. $($Record journal entries in the arder presented in the problem. Credit account tities are automatically

indented when the amount is entered. Do not indent manually. If no entry is required seiect $"$No Entry" for the account titles and enter $0$ for

the amounts.$)$

Post to the account Stock Investments.