8. On

May

15,

2018,

Sandler

Co. invests

$13,000

in

Jojo,

Inc. stock.

Jojo

pays

Sandler

a

$1,000

dividend on

November

15,

2018.

Sandler

sells the

Jojo

stock on

December

10,

2018,

for

$12,450.

Assume the

Sandler

Co. does not have significant influence over

Jojo,

Inc. Journalize the

2018

transactions related to

Sandler's

investment in

Jojo

stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)Begin by journalizing

Sandler's

initial investment in

Jojo,

Inc., stock on

May

15,

2018.

Date			Accounts and Explanation	Debit	Credit
2018
May 15

Next, journalize

Sandler's

receipt of the

November

15,

2018

dividend.

Date			Accounts and Explanation	Debit	Credit
2018
Nov. 15

Now journalize

Sandler's

sale of the

Jojo,

Inc., stock on

December

10,

2018.

Date			Accounts and Explanation	Debit	Credit
2018
Dec. 10

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