eBookPrint Item Question Content Area Journalizing equity investment transactions; fair value method Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Feb. 24. Purchased 1,000 shares of Tett Co.s common stock for $85 per share. May 16. Purchased 2,500 shares of Isaacson Co.s common stock for $35. July 14. Sold 400 shares of Tett Co. stock for $102 per share. Aug. 12. Sold 750 shares of Isaacson Co. stock for $32 per share. Oct. 31. Received dividends of $0.50 per share on Tett Co. stock. Dec. 31. At the end of the accounting period, the fair value of the remaining 600 shares of Tett Co.s stock was $110 per share. The fair value of the remaining 1,750 shares of Isaacson Co.s stock was $30 per share. Journalize the entries for these transactions. If an amount box does not require an entry, leave it blank. DateAccountDebitCredit.