Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:20 AM SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... (1 % Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work Required information Part 2 of 2 [The following information applies to the questions displayed below.] Selk Steel Co., which began operations on January 4, 2013, had the following subsequent transactions and events in its long-term investments. 2.7 points 2013 Jan. 5 2 Selk purchased 60,000 shares (20% of total) of Kildaire's common stock for $1,560,000. eBook Oct 23Kildaire declared and paid a cash dividend of $3.20 per share. Dec.31 Kildaire's net income for 2013 is $1,164,000, and the fair value of its stock at December 31 is $30.00 per share. 2014 Oct. 15 Kildaire declared and paid a cash dividend of $2.60 per share. Dec.31 Kildaire's net income for 2014 is $1,476,000, and the fair value of its stock at December 31 is $32.00 per share. 2015 Jan.2 Selk sold all of its investment in Kildaire for $1,894,000 cash. Part 2 Assume that although Selk owns 20% of Kildaire's outstanding stock, circumstances indicate that it does not have a significant influence over the investee and that it is classified as an available-for-sale security investment. Mc Graw Hill 18 JUL 7 * WChrome File Edit View History Bookmarks s Profiles Tab Window Help Q 8 * Thu Jul 7 12:21 AM ... SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero X + - > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... 1 % Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 Part 2 Assume that although Selk owns 20% of Kildaire's outstanding stock, circumstances Part 2 of 2 indicate that it does not have a significant influence over the investee and that it is classified as an available-for-sale security investment. Required: 2.7 1. Prepare journal entries to record the preceding transactions and events for Selk. Also points prepare an entry dated January 2, 2015, to remove any balance related to the fair value adjustment. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) eBook View transaction list Journal entry worksheet 2 3 5 6 7 Selk purchased 60,000 shares (20% of total) of Kildaire's common stock for 000. Note: Enter debits before credits. Date General Journal Debit Credit lan n5 2012 Mc Graw 18 JUL 7 tv X WChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:21 AM SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero X + F -> C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... dj Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 Required information Part 2 of 2 View transaction list 2.7 points Journal entry worksheet eBook 1 2 3 4 5 6 7 Kildaire's net income for 2013 is $1,164,000, and the fair value of its stock at December 31 is $30.00 per share. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2013 Record entry Clear entry View general journal Mc Graw Hill JUL 7 tv X WChrome e Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:21 AM ... SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero X + - > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... d Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 aniston InItInalaindal . .. Required information Part 2 of 2 View transaction list 2.7 points Journal entry worksheet eBook Kildaire declared and paid a cash dividend of $2.60 per share. Note: Enter debits before credits. Date General Journal Debit Credit Oct 15, 2014 Record entry Clear entry View general journal Mc Graw 18 JUL 7 tv X WChrome e Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:21 AM ... SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero X + - > C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... d Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 aniston InItInalaindal . .. Required information Part 2 of 2 View transaction list 2.7 points Journal entry worksheet eBook Kildaire declared and paid a cash dividend of $2.60 per share. Note: Enter debits before credits. Date General Journal Debit Credit Oct 15, 2014 Record entry Clear entry View general journal Mc Graw 18 JUL 7 tv X WChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:21 AM ... SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... ( x Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 Required information Part 2 of 2 View transaction list 2.7 points Journal entry worksheet eBook Hill 18 JUL 7 tv X WChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:21 AM ... SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... ( x Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 Required information Part 2 of 2 View transaction list 2.7 points Journal entry worksheet eBook Hill 18 JUL 7 tv X WChrome e Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:22 AM Screen Shot Screen Shot ... SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch x Assignments: 2022 Smr - AC X Course Hero + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... ... Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 Required information Part 2 of 2 Journal entry worksheet 2.7 points Selk sold all of its investment in Kildaire for $1,894,000 cash. eBook Note: Enter debits before credits. Date General Journal Debit Credit Jan 02, 2015 X WChrome e Edit View History Bookmarks Profiles Tab Window Help Q 8 * Thu Jul 7 12:22 AM Screen Shot Screen Shot Screen Shot ... SMC Canvas Login - Santa Monica X Assignments: 2022 Smr - AC X Question 4 - Homework - Ch X Assignments: 2022 Smr - AC X Course Hero + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%25... ... Homework - Chapter 15 i Saved Help Save & Exit Submit Check my work 4 Required information Part 2 of 2 Journal entry worksheet