Path Corp has a December 31 year end. During 2019 and 2020, Path has the following
investment transactions:
30-Jun-19	Path Corp purchased 1,100 shares of ABC Inc at $15.00 per share.
1-Sep-19	ABC Inc paid dividends of $0.50 per share.
31-Dec-19	ABC Inc shares had a fair value of $12.00 per share.
1-Jul-20	Path Corp sold all of ABC Inc shares for $17.00 per share.
Instructions:
Part 1: Assume Path Corp uses the fair value through net income (FV-NI) method to account for its investments. Dividends and other investment income and losses are all reported in one investment account. Prepare the required journal entries on the following dates:
A) June 30, 2019
Date	Description	Dr	Cr
B) September 1, 2019
Date	Description	Dr	Cr
C) December 31, 2019
Date	Description	Dr	Cr
D) July 1, 2020
Date	Description	Dr	Cr
Part 2: Assume Path Corp uses the fair value through other comprehensive income (FV-OCI) method to account for its investments (without recycling). Dividend income is required to be recorded in a separate account. Prepare the required journal entries on the following dates:
A) June 30, 2019
Date	Description	Dr	Cr
B) September 1, 2019
Date	Description	Dr	Cr
C) December 31, 2019
Date	Description	Dr	Cr
D) July 1, 2020
Date	Description	Dr	Cr