December 1. Strawberry Company reported net income for its fiscal year of $26,000.

Fair value of equipment 3000

strawberry company common stock outstanding 500000

PART 2 Jan 7. Our company bought 200,000 shares of the common stock of Strawberry for $1,000,000. The total number of shares of Strawberry's common stock outs was 500,000. All of the book values of the net assets of Strawberry were equal the fair value, except for equipment. The fair value of the equipment was $3,01 than the book value. The remaining life the the equipment was 5 years. Make the journal entries for the following events. If an entry is not required fo these events, type "No entry." Jan 7. The purchase of the Strawberry Company stock for cash. April 4. Strawberry declared and paid a cash dividend on the company's comm stock of $3,000 (on all 500,000 shares). December 1. Strawberry Company reported net income for its fiscal year of .Jan .Apr .Dec PART 2 Jan 7. Our company bought 200,000 shares of the common stock of Strawberry for $1,000,000. The total number of shares of Strawberry's common stock outs was 500,000. All of the book values of the net assets of Strawberry were equal the fair value, except for equipment. The fair value of the equipment was $3,01 than the book value. The remaining life the the equipment was 5 years. Make the journal entries for the following events. If an entry is not required fo these events, type "No entry." Jan 7. The purchase of the Strawberry Company stock for cash. April 4. Strawberry declared and paid a cash dividend on the company's comm stock of $3,000 (on all 500,000 shares). December 1. Strawberry Company reported net income for its fiscal year of .Jan .Apr .Dec