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8. On May 15, 2018, Sandler Co. invests $10,000 in Dave, Inc. stock. Dave pays Sandler a $1,000 dividend on November 15, 2018. Sandler sells
8. On May 15, 2018, Sandler Co. invests $10,000 in Dave, Inc. stock. Dave pays Sandler a $1,000 dividend on November 15, 2018. Sandler sells the Dave stock on December 10, 2018, for $9.750. Assume the Sandler Co. does not have significant influence over Dave, Inc. Journalize the 2018 transactions related to Sandler's investment in Dave stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin journalizing Sandler's initial investment in Daye, Inc., stock on May 15, 2018, Accounts and Explanation Credit Date Debit 2018 May 15 Next, journalize Sandler's receipt of the November 1 2018 dividend. Date Accounts and Explanation Debit Credit 2018 Nov. 15 Now joumalize Sandler's sale of the Dave, Inc., stock on December 10, 2018 Date Accounts and Explanation Debit Credit 2018
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