1. journal entry worksheet
2. how would the financial statements have neen affected differently if the dividends received on june 15 were from a significant influence investment or investment in associate as opposed to a non-strategic investment?
The following are the non-strategic investment transactions of Wiki Garden Tool Inc Assume each bond acquired is purchased with the intention to actively trade. ces 2020 Feb. 1 Paid $135,000, plus $200 in transaction fees to purchase a $139,000, four-year, 3.5% bond payable of Capital Inc. dated Feb. 1. Interest is paid semiannually beginning August 1. Mar. 29 Bought 115,000 convon shares of Regina Inc. for a total of $98,440, plus pald an extra $500 for transaction fees. May 7 Regina Inc.'s board of directors declared a total dividend of $540,000 regarding the total ),500,000 shares Issued and outstanding. The date of record is May 30, payable June 15. June 1 Paid $154,000 Including $500 in transaction fees to purchase a five-year, 6.5%, $151,000 bond payable of Yates Corporation. Interest is paid annually each Hay 30. 15 Received a cheque regarding the dividends declared on May 7. Aug 1 Received a cheque from Capital Inc. regarding seniannual interest. 1 Sold the Capital Inc. bond at 98. 17 Purchased 90,000 Tech Inc. common shares at $9.00 plus $400 in transaction fees. Dec. 1 Sold 90,000 of the Regina Inc. shares at $0.95 and incurred $250 in transaction fees. 31 Accrued Interest on the Yates bond. Fair values of the equity securities on this date were Regina, $1.10, Tech Inc. $7.00. Assume that the carrying value of the Yotes bond was equal to its fair value. 2021 Hay Received a chequt fron Yates Corporation regarding annual interest. Prepare entries to record the above transactions (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations and round your final answers to the nearest whole dollar) The following are the non-strategic investment transactions of Wiki Garden Tool Inc Assume each bond acquired is purchased with the intention to actively trade. ces 2020 Feb. 1 Paid $135,000, plus $200 in transaction fees to purchase a $139,000, four-year, 3.5% bond payable of Capital Inc. dated Feb. 1. Interest is paid semiannually beginning August 1. Mar. 29 Bought 115,000 convon shares of Regina Inc. for a total of $98,440, plus pald an extra $500 for transaction fees. May 7 Regina Inc.'s board of directors declared a total dividend of $540,000 regarding the total ),500,000 shares Issued and outstanding. The date of record is May 30, payable June 15. June 1 Paid $154,000 Including $500 in transaction fees to purchase a five-year, 6.5%, $151,000 bond payable of Yates Corporation. Interest is paid annually each Hay 30. 15 Received a cheque regarding the dividends declared on May 7. Aug 1 Received a cheque from Capital Inc. regarding seniannual interest. 1 Sold the Capital Inc. bond at 98. 17 Purchased 90,000 Tech Inc. common shares at $9.00 plus $400 in transaction fees. Dec. 1 Sold 90,000 of the Regina Inc. shares at $0.95 and incurred $250 in transaction fees. 31 Accrued Interest on the Yates bond. Fair values of the equity securities on this date were Regina, $1.10, Tech Inc. $7.00. Assume that the carrying value of the Yotes bond was equal to its fair value. 2021 Hay Received a chequt fron Yates Corporation regarding annual interest. Prepare entries to record the above transactions (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations and round your final answers to the nearest whole dollar)