Spring Ltd. had the following transactions pertaining to investments in ordinary shares. Jan. 1 Purchased 2,500 ordinary
Question:
Spring Ltd. had the following transactions pertaining to investments in ordinary shares.
Jan. 1 Purchased 2,500 ordinary shares of Angeltide Limited (5%) for €142,100.
July 1 Received a cash dividend of €2.80 per share.
Dec. 1 Sold 500 ordinary shares of Angeltide Limited for €31,200.
Dec. 31 Received a cash dividend of €2.90 per share.
Instructions
Journalize the transactions.
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Jan 1 Share Investments 142100 Cash 142100 July1 Cash 2500 ...View the full answer
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Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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