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Exercise 17-17 On January 1, 2017, Bonita Corporation purchased 20% of the common shares of Windsor Company for $200,000. During the year, Windsor earned net

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Exercise 17-17 On January 1, 2017, Bonita Corporation purchased 20% of the common shares of Windsor Company for $200,000. During the year, Windsor earned net income of $94,000 and paid dividends of $23.500 Prepare the entries for Bonita to record the purchase and any additional entries related to this investment in Windsor Company in 2017. (Credit account s are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Incont Titles and Explanation To record purchase of stock) To record of avis) Click you would like to show work

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