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ary 5. 2019. Grouse Company purchased the following stock securities as a long- investment: 0 shares Bonter Corporation common stock for $4.500. 500 shares Wane
ary 5. 2019. Grouse Company purchased the following stock securities as a long- investment: 0 shares Bonter Corporation common stock for $4.500. 500 shares Wane Corporation common stock for $10,000. 8oo shares Strauss Corporation common stock for $22,8oo. Assume that Grouse Company cannot exercise significant influence over the activities of the investee companies and that the cost method is used to account for the investments On June 30, 2019, Grouse Company received the following cash dividends: $2.00 per share $1.25 per share $1.50 per share Wane Corporation.. On Nov stock for $7,200. ember 15, 2019, Grouse Company sold 160 shares of Strauss Corporation common On December 31, 2019, the fair value of the securities held by Grouse Company is as follows: Per Share $10 Bonter Corporation common stock Wane Corporation common stock Strauss Corporation common stock 28 Instructions Prepare the appropriate journal entries that Grouse Company should make on the following dates: January 5, 2019 June 30, 2019 November 15, 2019 December 31, 2019
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