9 Required information The following information applies to the questions displayed below Part 1 or 2 Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its ong-term investments points 2017 Jan. 5 Selk purchased 60,000 shares (20% of total) of Kildaire's common stock for $1.560.000 Oet. 3 Kildaire declared and paid a eash dividend o 13.20 per share Dec. 31 Kildare, s net income for 2017 is $1,164,000, and the air value of its stock at December 31 is $30.00 Per share. Skipped 2018 0et. 15 Kildaire declared and paid a cash dividend of 2. 60 per share. Dec. 31 Kildal re, s net income for 2018 s $1,476,000, and the air value of its stock at December 31 is $32.00 per share. eBook 2019 Jan. 2 Selk sold all oE its investment n Kildaire for $1,894,000 cash. Ask Part 1 Assume that Selk has a significant influence over Kildaire with its 20% share of stock. Required 1. Prepare journal entries to record these transactions and events for Selk. (If no entry is required for a trensaction/event, select "No journal entry required" in the first account field.) Complete this question by entering your answers in the tabs belovw 2017 2018 2019 Prepare journal entries to record these transactions and events for Selk. View transaction list Journal entry worksheet Selk purchased 60,000 shares (20% of total) of Kildare's common stock for $1,560,000 Note: Enter debits before credits. Date General Journal Debit Credit Jan 05, 2017 Ch 15 Homework Saved 9 Kildare, s net income for 2017 S $1,164,000, and the fair value of its stock at December 31 is $30.00 per shar e. Dec. 31 2018 Oct. 15 Kildaire delared and paid a oash dividend of $2.60 per share. Dec. 31 Kilda1 re , ; net income for 2018 S $1,476,000, and the air value oE its stock .t Decenber 31 is $32.00 per share. Part 1 of 2 2019 Jan. 2 Selk sold ll of its investnent in Kildaire for $1, 894,000 cash. points Part 1 Assume that Selk has a significant influence over Kildare with its 20% share of stock. Skipped Required 1. Prepare journal entries to record these trensactions and events for Selk. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) eBook Complete this question by entering your answers in the tabs below Ask 2017 2018 2019 Prepare journal entries to record these transactions and events for Selk. View transaction list Journal entry worksheet Kildaire declared and paid a cash dividend of $3.20 per share Note: Enter debits before credits. DebitCredit Date General Journal Oct 23, 2017 Mc K Prew 10 Of 10 Next > Hill Ch 15 Homework Saved 9 Dec. 31 Kildaire, s net incone for 2017 is $1.164,000, snd the fair value o its stock at Decenber 31 s $30.00 per share 2018 Oot. 15 Kildaire deolared and paid ash dividend of $2.60 per share. Dec. 31 Kildare, s net incone or 2018 S $1,476,000, and the fair value of its stook at December 31 is $32.00 per share. Part 1 of2 2019 Jan. 2 Selk sold all its inres trent in Kildare for $1,894,000 cash points Part 1 Assume that Selk has a significant influence over Kildare with its 20% share of stock. Skipped Required 1. Prepare journal entries to record these transactions and events for Selk (If no entry is required for journal entry required in the first account field.) transaction/event, select "No eBook Complete this question by entering your answers in the tabs below Ask 2019 2017 2018 Prepare journal entries to record these transactions and events for Selk. View transaction list Journal entry worksheet Kildaire's net income for 2017 is $1,164,000, and the fair value of its stock at December 31 is $30.00 per share. Note: Enter debits before credits. Date Debit it Dec 31, 2017 9 10 of 10 Next> Journal entry worksheet Kildaire declared and paid a cash dividend of $2.60 per share. Note: Enter debits before credits. Date General Journal Debit Credit Oct 15, 2018