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8. On May 15, 2018, Stacey Co. invests $11,000 in Saddle, Inc. stock. Saddle pays Stacey a $800 dividend on November 15, 2018. Stacey sells
8. On May 15, 2018, Stacey Co. invests $11,000 in Saddle, Inc. stock. Saddle pays Stacey a $800 dividend on November 15, 2018. Stacey sells the Saddle stock on December 10, 2018, for $10,850. Assume the Stacey Co. does not have significant influence over Saddle, Inc. Journalize the 2018 transactions related to Stacey's investment in Saddle stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Stacey's initial investment in Saddle, Inc., stock on May 15, 2018. Date Accounts and Explanation Debit Credit 2018 May 15 Next, journalize Stacey'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. Now journalize Stacey's sale of the Saddle, 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
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