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21 Saved The following events are for Toronto Investment Inc. 2023 Jan. 14 Purchased 18,360 shares of Quatro Inc. common shares for $165,900 (including transaction
21 Saved The following events are for Toronto Investment Inc. 2023 Jan. 14 Purchased 18,360 shares of Quatro Inc. common shares for $165,900 (including transaction fees of $50). Quatro has 91,800 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Toronto. Oct. 1 Quatro declared and paid a cash dividend of $3.50 per share. Dec. 31 Quatro announced that profit for the year amounted to $659,000. 2024 April 1 Quatro declared and paid a cash dividend of $3.60 per share. Dec. 31 Quatro announced that profit for the year amounted to $742,100. 31 Toronto sold 6,900 shares of Quatro for $108,820. Required: Prepare general journal entries to record each transaction. (Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar.) View transaction list Journal entry worksheet Record the purchase of investment. Journal entry worksheet < 2 3 4 5 6 Record the purchase of investment. Note: Enter debits before credits. Date Jan 14, 2023 General Journal Debit Credit Record entry Clear entry View general journal
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