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Delivery King completed these long-term available-for-sale investment transactions during 20X6 20X6 Apr 10 Purchased 300 Technomite shares, paying $22 per share Dellvery King intends to
Delivery King completed these long-term available-for-sale investment transactions during 20X6 20X6 Apr 10 Purchased 300 Technomite shares, paying $22 per share Dellvery King intends to hold the investment for the indefinite future Jul 22 Received a cash dividend of 51 25 per share on the Technomite investment Dec 31 Adjusted the Technomte Investment to its current market value of 55 100 1. Journalize Delivery King's investment transactions Explanations are not required 2. Show how to report the investment and any unrealized gain or loss on Delivery King's balance sheet at December 31, 20X6, Ignore income tax 1. Journalize Delivery King's investment transactions. Explanations are not required (Record debts first, then credits. Explanations are not required Leave any unused cells blank. Purchased 300 Technomite shares, paying 522 per share Delivery King intends to hold the investment for the indefinite future. Journal Entry Accounts Debit Credit Date Apr 10 Choose from any list or enter any number in the input fields and then continue to the next
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