Using the following categories, indicate the effects of the transactions listed in MA-8. Use + for increase and − for decrease and indicate the amounts.

Data from in MA-8

On January 1 of the current year, PurchaseAgent.com acquired 35 percent (800,000 shares) of the common stock of E-Transaction Corporation. The accounting period for both companies ends December 31. Give the journal entries for each of the following transactions that occurred during the current year for PurchaseAgent.com:

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Balance Sheet Transaction Date Assets Liabilities Income Statement Stockholders' Revenues/ Equity Gains Expenses/ Losses Net Income