During the fourth quarter of 2021, Forrest, Inc. generated excess cash, which the company invested in equity securities as follows: (Click on the icon to view the equity securities transactions.) Read the requirements. Nov 16 Investment in Equity Securities Cash Dec 16: Received cash dividend of $0.35 per share on the equity securities. Journal Entry Date Dec 16 Accounts 9,800 Debit 9,800 Credit

During the fourth quarter of 2021, Forrest. Inc. generated excess cash, which the company invested in equily securibes as follows: (C) (Cick on the icon lo view the equity securites transactions) Read the cequirements. No Doc 16: Recenved cath dividend of $0.35 per share en the equity securitas. Requirements 1. The following T-accounts for Cash (including its beginning balance of $24,000 ), Investment in Equity Securities, Dividend Revenue, and Unrealized Gain (Loss) on Equity Securities have been opened. Journalize the foregoing transactions and post to the T-accounts. 2. Show how to report the short-term investment on Forrest's balance sheet at December 31, 2021. 3. Show how to report whatever should appear on Forrest's income statement for the year ended December 31, 2021. 4. Forrest sold the equity securities for $8,400 on January 14,2022 . Journalize the sale. During the fourth quarter of 2021 , Forrest, Inc, generated excess cash, which the company invested in equity securitios as follows (1) (Click on the icon to view the equity securities transactions.) Read the Nov Doo 16: Received cash dividend of $0.35 por share on the equity securities During the fourth quarter of 2021, Forrest. Inc. generated excess cash, which the company invested in equily securibes as follows: (C) (Cick on the icon lo view the equity securites transactions) Read the cequirements. No Doc 16: Recenved cath dividend of $0.35 per share en the equity securitas. Requirements 1. The following T-accounts for Cash (including its beginning balance of $24,000 ), Investment in Equity Securities, Dividend Revenue, and Unrealized Gain (Loss) on Equity Securities have been opened. Journalize the foregoing transactions and post to the T-accounts. 2. Show how to report the short-term investment on Forrest's balance sheet at December 31, 2021. 3. Show how to report whatever should appear on Forrest's income statement for the year ended December 31, 2021. 4. Forrest sold the equity securities for $8,400 on January 14,2022 . Journalize the sale. During the fourth quarter of 2021 , Forrest, Inc, generated excess cash, which the company invested in equity securitios as follows (1) (Click on the icon to view the equity securities transactions.) Read the Nov Doo 16: Received cash dividend of $0.35 por share on the equity securities