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Dollar Bill Investments completed the following investment transactions during 2024: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Dollar
Dollar Bill Investments completed the following investment transactions during 2024: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Dollar Bill'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.) Jan. 14: Purchased 1,000 shares of Neutron stock, paying $48 per share. The investment represents 3% ownership in Neutron's voting stock. Dollar Bill does not have significant influence over Neutron. Dollar Bill intends to hold the investment for the indefinite future. Date Accounts Credit Debit Jan. 14 More info Jan. 14 Purchased 1,000 shares of Neutron stock, paying $48 per share. The investment represents 3% ownership in Neutron's voting stock. Dollar Bill does not have significant influence over Neutron. Dollar Bill intends to hold the investment for the indefinite future. Aug. 22 Dec. 31 Dec. 31 Received a cash dividend of $0.71 per share on the Neutron stock. Adjusted the investment to its current market value of $45 per share. Neutron reported net income of $220,000 for the year ended 2024. Print Done
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