(Learning Objective 2: Record transactions for available-for-sale securities) Journalize the following long-term available-for-sale security transactions of Rogers Brothers Department Stores:
a. Purchased 520 shares of Florida Fine Foods common stock at $35 per share, with the intent of holding the stock for the indefinite future.
b. Received a cash dividend of $1.80 per share on the Florida Fine Foods investment.
c. At year-end, adjusted the investment account to fair value of $42 per share.
d. Sold the Florida Fine Foods stock for the price of $27 per share.