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  3. part 1. jackson inc. purchased 20,000 shares (5% o

Part 1. Jackson Inc. purchased 20,000 shares (5% of the total 400,000 shares) of common...

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Accounting

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Part 1. Jackson Inc. purchased 20,000 shares (5% of the total 400,000 shares) of common stock of Jeep Corporation at a total cost of $6 per share on May 18, 2018. Journalize the transaction for Jackson, Inc. Part 2. On August 30, Jeep Corporation declared and paid a dividend of $75,000 total, Journalize the transaction (if any) for Jackson, Inc. Part 3. On December 31, Jeep Corporation reported net income of $500,000 for the year. Journalize the transaction (if any) for Jackson, Inc. HTML Editor BIVA-AIXE E 3 1 x'x, EE ED DO V GOV T 12pt - Paragraph O words $ % Kraft Incorporated had the following transactions pertaining to debt investments. Jan 1 Purchased 30, $1,000 Johnson Company 10% bonds for $30,000. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Johnson Company bonds July 1 Sold 15 Johnson Company bonds for $14,600 Dec 31 Accrued for interest on December 31 for the remaining 15 bonds Journalize the 4 transactions HTML Editor BIU A -A- IEE311xx, - O V 60 TTT12pt - Paragraph

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