On 13 On January 5, 2021 Flower Investor Co purchased 900 shares of Apple Seed...
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Accounting
On 13 On January 5, 2021 Flower Investor Co purchased 900 shares of Apple Seed Corp for $30,000 Flower investore the fire for this investment. At the end of the year Apple Seed paid a cash dividend or $2.10 per share. At the end of the year, shaws of Apple Dead are selling for $35 per share 1. Prepare the journal entry for the purchase of the investment 2. Prepare the journal entry for the receipt of the cash dividend 3. Prepare the journal entry for the end-ofyear fair value adjustment. Assume a zero beginning balance in the Fair Value Adjustment account Include the dates for the journal entries. at the top PC ALTE BIV5 Paragon Cat A A 2
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