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Creative Investments completed the following investment transactions during 2024 (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Creative's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 1,400 shares of Technorite stock, paying $57 per share. The investment represents 4% ownership in Technomite's voting stock. Creative does not have significant influence over Technomite. Creative intends to hold the investment for the indefinite future. Accounts Debit Date Credit Jan. 14 More Info Purchased 1,400 shares of Technomite stock, paying $57 per share. The investment represents 4% ownership in Technomite's voting stock. Creative does not have significant influence over Technomite. Creative intends to hold Jan. 14 the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.72 per share on the Technomite stock. Dec. 31 Adjusted the investment to its current market value of $55 per share. Dec. 31 Technomite reported net income of $250,000 for the year ended 2024. Print Done X i Requirements 1. Journalize Creative's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Creative's Technomite investment as of December 31, 2024. 3. Prepare a partial income statement for Creative Investments for year ended December 31, 2024. Print Done

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