8. On May 15, 2018, Greenwood Co. invests $10,000 in Jackson, Inc. stock. Jackson pays Greenwood a $1,100 dividend on November 15, 2018. Greenwood sell Jackson stock on December 10, 2018, for $9,600. Assume the Greenwood Co. does not have significant influence over Jackson, Inc. Journalize the 2018 transact related to Greenwood's investment in Jackson stock. (Record debits first; then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Greenwood's initial investment in Jackson, Inc., stock on May 15, 2018. Date Accounts and Explanation Debit Credit