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Branson Today Publishers completed the following investment transactions during 2024 and 2025: (Click the icon to view the transactions.) Requirements 1. Journalize Branson Today's investment
Branson Today Publishers completed the following investment transactions during 2024 and 2025: (Click the icon to view the transactions.) Requirements 1. Journalize Branson Today's investment transactions. Explanations are not required. 2. On December 31, 2024, how would the Golden stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Branson'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 Golden stock at a price of $34.00 per share, intending to sell the investment next month. Branson did not have significant influence over Golden Date Accounts Debit Credit 2024 More Info Dec. 6 Dec. 6, 2024 Purchased 1,500 shares of Golden stock at a price of $34.00 per share, intending to sell the investment next month. Branson did not have significant influence over Golden. Received a cash dividend of $1.70 per share on the Golden stock. Dec. 23, 2024 Dec. 31, 2024 Adjusted the investment to its market value of $17.00 per share. Jan. 27, 2025 Sold the Golden stock for $24.70 per share. Print Done
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