View Policies Current Attempt in Progress On August 1, 2021, Marshall Ltd. purchased 800 Datawave Inc.common shares for $46.400 cash with the intention of trading the shares and using the fair value through profit or loss model. Datawave declared a dividend of $1 per common share, which Marshall received on December 28, 2021. On December 31, 2021, Marshall's year end, the shares' fair value was $48.600. Prepare the journal entry to record the purchase of this investment on August 1. (List all debit entries before credit entries. 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 Aug. 1 e Textbook and Media Assistance Used Prepare the journal entry to record the receipt of the dividend on December 28. (List all debit entries before credit entries. 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.) Debit Credit Date Account Titles and Explanation Dec. 28 Investment in Asiedates Income from Associatia e Textbook and Media Assistance Used Textbook Prepare the journal entry to record any adjustingjournal entry required at December 31 List all debit entries before credit entries. 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 Cash inment In Associates e Textbook and Media