Atlanta

Today Publishers completed the following investment transactions during

2024

and

2025:

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Requirements

1.	Journalize Atlanta Today's investment transactions. Explanations are not required.
2.	On December 31, 2024, how would the Peaceful stock be classified and at what value would it be reported on the balance sheet?

Requirement 1. Journalize

Atlanta's

investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.)Dec. 6,

2024:

Purchased

1,500

shares of

Peaceful

stock at a price of

$31.00

per share, intending to sell the investment next month.

Atlanta

did not have significant influence over

Peaceful.

Date			Accounts	Debit	Credit
2024
Dec. 6

Dec. 6, 2024	Purchased 1,500 shares of Peaceful stock at a price of $31.00 per share, intending to sell the investment next month. Atlanta did not have significant influence over Peaceful.
Dec. 23, 2024	Received a cash dividend of $1.40 per share on the Peaceful stock.
Dec. 31, 2024	Adjusted the investment to its market value of $19.00 per share.
Jan. 27, 2025	Sold the Peaceful stock for $30.20 per share.

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