CALCULATOR FULL SCREEN PRINTER VERSION

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Heidebrecht Design acquired 30% of the outstanding common stock of Blossom Company on January 1, 2020, by paying $844,000 for the 42,200 shares. Blossom declared and paid $0.20 per share cash dividends on March 15, June 15, September 15, and December 15, 2020. Blossom reported net income of $381,500 for the year. At December 31, 2020, the market price of Blossom common stock was $26 per share. Prepare the journal entries for Heidebrecht Design for 2020 assuming Heidebrecht Design cannot exercise significant influence over Blossom. (Record Journal entries In the order presented In the problem. Credit account titles are automatically Indented when amount Is entered. Do not Indent manually. If no entry Is required, select "No entry" for the account titles and enter O ror the amounts.) Date Account Titles and Explanation credit