Creative Investments completed the following transactions during 2024 Click the icon to view the transactions) Requirements 1. Journalize Creative's transactions. Explanations are not required 2. Classity and prepare partial financial statements for Creative's 40% Neutron investment for the year ended December 31, 2024 Requirement 1. Journalize Creative's transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from joumal entriesW no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan 14 Purchased 700 shares of Neutron stock, paying 542 per share. The investment represents 40% ownership in Neutron's voting stock and Creative has significant influence over Neutron Creative intends to hold the investment for the indefinite future Date Debit Credit Jan 14 Accounts Aug. 22. Received a cash dividend of 50 51 per share on the Neutron stock Date Accounts Debit Credit Aug 22 Dec 31 Neron's cakes 38 per share Date Accounts Debit Credit De 31 ne puttes and then continue to the next question Creative inwestments completed the following transactions during 2024 lick the icon to view the transactions.) Requirements 1. Journalize Creative's transactions. Explanations are not required 2. Classify and prepare partial financial statements for Creative's 40% Neutron investment for the year ended December 31, 2024 Dec. 31: Neutron's current market value is $38 per share Date Accounts Debit Credit Dec 31 Dec. 31: Neutron reported net income of $500,000 for the year ended 2024 Date Accounts Debit Credit Dec 31 Requirement 2. Classify and prepare partial financial statements for Creative's 40% Neutron investment for the year ended December 31, 2024 Begin by showing the account and amount of any assets that would appear on Creative's balance sheet as it relates to the Neutron investment at December 31, 2024 a box is not used in the financial statement, leave the box empty, do not select a label or enter a zero.) Creative Investments Balance Sheet (Partial) December 31, 2024 Dent Assets Creative Investments completed the following transactions during 2024 Click the icon to view the transactions) Requirements 1. Joumalize Creative's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Creative's 40% Neutron investment for the year ended December 31, 2024 Hequirement 2. Classity and prepare partial financial statements for Creative's 40% Neutron investment for the year ended December 31, 2024. Begin by showing the account and amount of any assets that would appear on Creative's balance sheet as it relates to the Neutron investment at December 31, 2024. (if a box is not used in the financial statement, leave the box empty, do not select a label or enter a zero) Creative Investments Balance Sheet (Partial) December 31, 2024 Current Assets Long-term Assets Stockholders Equity Accumulated Other Comprehensive income: Complete the partial income statement for the year ended December 31, 2024 as it relates to Creative's Neutron investment. (Use a minus sign or parentheses to enter a loss a box is not used in the financial statement, leave the box empty, do not select a label or enter a zero) Creative Investments Income Statement (Partial) For the Year Ended December 31, 2024 Other income and (Express) Choose from any list or enter any number in the input fields and then continue to the next question Jan 14 Purchased 700 shares of Neutron stock, paying $42 per share. The investment represents 40% ownership in Neutron's voting stock and Creative has significant influence over Neutron Creative intends to hold the investment for the indefinite future, Aug, 22 Received a cash dividend of $0.51 per share on the Neutron stock Dec 31 Neutron's current market value of $38 per share. Dec, 31 Neutron reported net income of $500,000 for the year ended 2024
