Question: Pls help i know how to do the calculations and i got it right. I dont know what the names are under the general journal.

 Pls help i know how to do the calculations and i

Pls help i know how to do the calculations and i got it right. I dont know what the names are under the general journal.

Princeton Company acquired some of the 40,000 outstanding shares of the common stock of Cox Corporation as trading securities. The accounting period for both companies ends December 31 Comany acuied some at oung d July 2 Purchased 8,000 shares of Cox common stock at $28 per share. Dec. 15 Cox Corporation declared and paid a cash dividend of $4 per share. Dec. 31 Determined the fair value of Cox stock to be $29 per share. Required: Prepare the journal entries for each of the above transactions. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) transaction list redit 1. Record the purchase of 8,000 shares of Cox common stock at $28 per share. 24,000 2. Record the receipt of cash dividends of $4 per share. 3. Record the valuation adjustment if the fair value of Cox's common stock on December 31 is $29 per share

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