E10-13 (similar to) Question Help Know All Investments completed the following investment transactions during 2018:...
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E10-13 (similar to) Question Help Know All Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2018. Explanations are not required. 2. What account(s) and amount(s), if any, would be reported on Know All's income statement for the year ended December 31, 2018? Requirement 1. Journalize the entries for 2018. 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 400 shares of Microscape stock, paying $59 per share. The investment represents 3% ownership in Microscape's voting stock. Know All does not have significant influence over Microscape. Know All intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 i More Info Jan. 14 Purchased 400 shares of Microscape stock, paying $59 per share. The investment represents 3% ownership in Microscape's voting stock. Know All does not have significant influence over Microscape. Know All intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of 50.33 per share on the Microscape stock. Dec. 31 Adjusted the Microscape investment to its current market value of $61. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 3 parts Clear All Check Answer remaining
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