Dollar Bill Investments completed the following investment transactions during 2018:

Jan.	14		Purchased 700 shares of Technomite stock, paying $ 54 per share. The investment represents 3 % ownership in Technomite's voting stock. Dollar Billdoes not have significant influence over Technomite. Dollar Bill intends to hold the investment for the indefinite future.
Aug.	22		Received a cash dividend of $ 0.55 per share on the Technomite stock.
Dec.	31		Adjusted the investment to its current market value of $ 49 per share.
	31		Technomite reported net income of $120,000for the year ended 2018.

Requirements:

1.	Journalize Dollar Bill investment transactions. Explanations are not required.
2.	Classify and prepare a partial balance sheet for Dollar Bill Technomite investment as of December 31,2018.
3.	Prepare a partial income statement for Dollar Bill Investments for year ended December 31,2018.

Jan. 14: Purchased 700 shares of Technomite stock, paying $54 per share. The investment represents 3 % ownership in Technomite's voting stock.Dollar Bill does not have significant influence over Technomite.Dollar Bill intends to hold the investment for the indefinite future.

Date			Accounts	Debit	Credit
Jan. 14

AND

SeattleSeattle

Today Publishers completed the following investment transactions during

20182018

and

20192019:

20182018
Dec.	6		Purchased 1,500shares of Lovely stock at a price of $ 38.00 pershare, intending to sell the investment next month. Seattle did not have significant influence over Lovely.
	23		Received a cash dividend of $ 1.50 per share on the Lovely stock.
	31		Adjusted the investment to its market value of $29.00 per share.
20192019
Jan.	27		Sold the Lovely stock for $29.70 per share.

Requirements

1.	Journalize Seattle Today's investment transactions. Explanations are not required.
2.	On December 31,2018,how would the Lovely stock be classified and at what value would it be reported on the balance sheet?

Requirement 1. Journalize

SeattleSeattle's

investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.)Dec. 6, 2018:

Purchased1,500 shares of Lovely stock at a price of $38.00 per share, intending to sell the investment next month. Seattle did not have significant influence over Lovely.