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any help Rowan Company purchases 800 common shares (40%) of JBi Corporation as a long.term investment for $660,000 cash on January 1. JBI paid $17,000

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Rowan Company purchases 800 common shares (40\%) of JBi Corporation as a long.term investment for $660,000 cash on January 1. JBI paid $17,000 in total cash dividends on November 1 and reported net income of $340.000 for the year. 1) - (3) Prepare Rowan's entries to record the purchase of JBl shares, the receipt of its share of JBI dividends. and the December 3 i rear-end adjustment for its share of JBI net income Journal entry worksheet 2

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