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2020 Jan. 2 Purchased 21,000 shares of Space Company common stock for $428,000 cash plus a broker's fee of $5,000 cash. Space Company has 70,000
2020 Jan. 2 Purchased 21,000 shares of Space Company common stock for $428,000 cash plus a broker's fee of $5,000 cash. Space Company has 70,000 shares of common stock outstanding, and its policies will be significantly influenced by Vision Company. Sept. 1 Space Company declared and paid a cash dividend of $3.50 per share. Dec. 31 Space Company announced that net income for the year is $516,900. 2021 June 1 Space Company declared and paid a cash dividend of $4.10 per share. Dec. 31 Space Company announced that net income for the year is $750,400. Dec. 31 Vision Company sold 12,000 shares of Space Company for $420,000 cash. Required: Prepare journal entries to record the above transactions and events of Vision Company. (Do not round Intermediate calculations and round your final answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Purchased 21,000 shares of Space Company common stock for $428,000 cash plus a broker's fee of $5,000 cash. Space Company has 70,000 shares of common stock outstanding, and its policies will be significantly influenced by Vision Company. Note: Enter debits before credits. General Journal Debit Credit Date Jan 02, 2020 Recordentas Clear entry View.generalioumal
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