8. On May 15, 2018, Mega Co. invests $20,000 in Jack, Inc. stock. Jack pays Mega a $700 dividend on November 15, 2018. Mega sells the Jack stock on December 10, 2018, for $19,750. Assume the Mega Co. does not have significant influence over Jack, Inc. Journalize the 2018 transactions related to Mega's investment in Jack stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Mega's initial investment in Jack, Inc., stock on May 15, 2018. Date Accounts and Explanation Debit Credit 2018 May 15 Trading Debt Investments Choose from any list or enter any number in the input fields and then continue to the next question. 8. On May 15, 2018, Mega Co. invests $20,000 in Jack, Inc. stock. Jack pays Mega a $700 dividend on November 15, 2018. Mega sells the Jack stock on December 10, 2018, for $19,750. Assume the Mega Co. does not have significant influence over Jack, Inc. Journalize the 2018 transactions related to Mega's investment in Jack stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Next, journalize Mega's receipt of the November 15, 2018 dividend. Date Accounts and Explanation Debit Credit 2018 Nov. 15 Choose from any list or enter any number in the input fields and then continue to the next question. 8. On May 15, 2018, Mega Co. invests $20,000 in Jack, Inc. stock. Jack pays Mega a $700 dividend on November 15, 2018. Mega sells the Jack stock on December 10, 2018, for $19,750. Assume the Mega Co. does not have significant influence over Jack, Inc. Journalize the 2018 transactions related to Mega's investment in Jack stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) 11 Now journalize Mega's sale of the Jack, Inc., stock on December 10, 2018. Date Accounts and Explanation Debit Credit 2018 Dec. 10 Choose from any list or enter any number in the input fields and then continue to the next