Entries for equity Investments: 20%-50% ownership On January 6, 2018, Bulldog Co purchased 34% of the outstanding common stock of Gator Co. for $212,000. Gator Co, paid total dividends of $24,000 to all shareholders on June 30, 2018 Gator had a net loss of $56,000 for 2018, a. Journalize Bulldog's purchase of the stock, receipt of the dividends, and the adjusting entry for the equity loss in Gator Co. stock. If an amount box does not require an entry leave it blank Jan. 6 - Purchase 212.000 June 30 - Dividend II II II Dec 31 - Equity Loos HOMW Jan 6t Record the investment at cost. June 10: Calculate the ownership percentage. Under the equity method of accounting for investments, the dividends camed affect the investment account Dec 311 Calculate the ownership percentage. Under the equity method of accounting for investments, the share of income or loss affects the investment account. b. Compute the balance of Investment in Gator Co. Stock on December 31, 2018 How does valuing an investment under the equity method differ from valuing an investment at fair value? Check My Work Previous Next