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8. On May 15, 2018, Shriner Co. invests $14,000 in Jack, Inc. stock. Jack pays Shriner a $800 dividend on November 15, 2018. Shriner

8. On May 15, 2018, Shriner Co. invests $14,000 in Jack, Inc. stock. Jack pays Shriner a $800 dividend on November 15, 2018. Shriner sells the Jack stock on December 10, 2018, for $13.450. Assume the Shriner Co. does not have significant influence over Jack, Inc. Journalize the 2018 transactions related to Shriner's investment in Jack stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table)

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