5 of 7 (0 complete) est its temporary excess cash in a brokerage account. The company had the following secur tab - X More Info ate Purchased 2,000 shares in Ackton Outdoor Adventure Company for $9 per share. Tree Top does not have significant influence over July Ackton. Purchased 40% of the stock of Bear Backpacks consisting of 40,000 shares of stock (out of a total of 100,000 shares) for $3 per share. Tree Top does have significant influence over Bear. 7 Purchased a bond from Cinco Canoes with a face value of $130,000. Tree Top intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31 Received dividends of $0.25 per share from Ackton. 10 ar. Sep. 30 Received dividends of $0.70 per share from Bear. Nov. 1 Dec. Received an interest payment of $6,500 from Cinco Canoes. 31 Bear Backpacks reported net income of $120,000 for the year. 31 Adjusted the Ackton stock for a market value of $8.87 per share. 31 Done Print ads to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31. Debit Credit mext question. ALIENWARE Tree Top Company's Anna Waldon is pleased with the growth of the business and has decided to invest its temporary excess cash in a brokerage account. The company had the following securities transactions in 2019. Click the icon to view the securities transactions.) Read the requirements Requirement 1. Journalize the transactions including any entries, if required, at December 31, 2019 (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No en column and leave all other cells blank. When prorating any calculations based on the amount of time an investment was outstanding during the year, use full months. It is not necessary to forate based on the number of days the inves Jul. 1: Purchased 2,000 shares in Ackton Outdoor Adventure Company for $9 per share. Tree Top does not have significant influence over Ackton Date Accounts and Explanations Debit Credit Jul. 1 Jul. 7: Purchased 40 % of the stock of Bear Backpacks consisting of 40,000 shares of stock (out of a total of 100.000 shares) for $3 per share. Tree Top does have significant influence aver Bear Date Accounts and Explanations Debit Credit Jul. 7 Jul. 10: Purchased a bond from Cinco Canoes with a face value of $130,000. Tree Top intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31 Date Accounts and Explanations Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search 5 of7 0 8mplete) Tree Top Company's Anna Waldon is pleased with the growth of the business and has decided to invest its temporary excess cash in a brokerage account. The company had the following securities transactions in 2019. (Click the icon to view the securities transactions.) Read the requirements. Jul. 10: Purchased a bond from Cinco Canoes with a face value of $130,000. Tree Top intends to hold the bond to matunity. The bond pays interest semiannually on June 30 and December 31 Date Accounts and Explanations Debit Credit Jul. 10 Sep. 30: Received dividends of $0.25 per share from Ackton Date Accounts and Explanations Debit Credit Sep. 30 Nov. 1: Received dividends of $0.70 per share from Bear Date Accnunts and Fynlanatinns nehit Credit: Choose from any list or enter any number in the input fields and then continue to the next question Type here to search Tree Top Company's Anna Waldon is pleased with the growth of the business and has decided to invest its temporary excess cash in a brokerage account. The company had the following securitie iClick the icon to view the securities transactions.) Read the requirements Nov. 1: Received dividends of $0.70 per share from Bear. Date Accounts and Explanations Debit Credit Nov. 1 Dec. 31: Received an interest payment of $6.500 from Cinco Canoes. Date Accounts and Explanations Debit Credit Dec. 31 Dec. 31: Bear Backpacks reported net income of $120,000 for the year Aa n4 and Ewlansin nahi4 Cndit 20 Choose from any list or enter any number in the input fields and then continue to the next question. O Type here to search 7 This Question: 15 pts 5 of 7 (0 complete) Tree Top Company's Anna Waldon is pleased with the growth of the business and has decided to invest its temporary excess cash in a brokerage account. The company had the following securities transactions in 2 iClick the icon to view the securities transactions.) Read the requirements Dec. 31: Bear Backpacks reported net income of $120,000 for the year Date Accounts and Explanations Debit Credit Dec. 31 Dec. 31: Adjusted the Ackton stock for a market value of $B,87 per share. Accounts and Explanations Debit Credit Dec. 31 Requirement 2. Determine the effect on Tree Top Company's net income for the year for each of the three investments. (Enter a decrease with a minus sign or parentheses.) Review the jounal entries prepared in Requirement 1 Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search I Dec. 31 Requirement 2. Determine the effect on Tree Top Company's net income for the year for each of the three investments. (Enter a decrease with a minus sign or parentheses.) Review the journal entries prepared in Requirement 1 Net increase (decrease) in Tree Top's Investment 2019 income Ackton Bear Cinco Choose from any list or enter any number in the input fields and then continue to the next question. Type here to search ALIENWARE