The Following Transactions and Information Pertain to Langston Corporation for 20xx.Prepare

The following transactions and information pertain to Langston Corporation for 20xx.Prepare entries in journal form,without explanations,to record these transactions.
$\begin{array}{lrl}\text { May } & \text { 1. } & \begin{array}{l}\text { Purchased 1,000 shares of Granger Corporation's common stock at } \$ 180 \text { per } \\\text { share (representing } 5 \text { percent of Granger's total outstanding stock) as a } \\\text { long-term investment. }\end{array} \\\text { Sept. } & \text { 1 } & \text { Received a cash dividend of } \$ 6.00 \text { per share from Granger. } \\\text { Dec. } & 31 & \text { End of Langston's accounting year. Granger's market price per share is } \$ 168 \text {. }\end{array}$