Answer Happy

On January 5, 2020, Bakrie Company purchased the following share
securities as a long-term investment:
300 ordinary shares Holle Corporation for $4,200.
500 ordinary shares Wood Corporation for $10,000.
600 ordinary shares Kiley Corporation for $19,800.
Assume that Bakrie Company cannot exercise significant influence
over the activities of the investee companies and that the cost
method is used to account for the investments.
On June 30, 2020, Bakrie Company received the following cash
dividends:
Holle Corporation $2.00 per share
Wood Corporation $1.00 per share
Kiley Corporation $1.50 per share
On November 15, 2020, Bakrie Company sold 200 shares of Kiley
Corporation for $7,500.
On December 31, 2020, the fair value of the securities held by
Bakrie Company is as follows:
Per Share
Holle Corporation ordinary shares $10
Wood Corporation ordinary shares 16
Kiley Corporation ordinary shares 32
Instructions
Prepare the appropriate journal entries that Bakrie Company
should make on the following dates:
January 5, 2020
June 30, 2020
November 15, 2020
December 31, 2020