Can you use the Accoutnint terms better than before ?

QUESTION 34 Equity Investment On 01/05/20, Red Company pays $700,000 to acquire a 30% interest (200,000 shares) of White Co. White Co, declares and and pays a cash dividend of 30 cents per share on 06/17/20. At 12/31/20 White Co.. reports net income of $300,000 for the year. REQUIRED: Using proper form, record the following Journal Entries 1) On 01/05/20 Purchase of Equity Investment in White Co. 2) On 06/17/20, Receipt of Cash Dividend 3) On 12/31/20, White Co. Reports Net Income For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT T Arial 3 (12pt) 01/05/2020 1) Equity Investment $700,000 Path:p