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Formula: Subtract, Multiply; Cell Referencing BE9.12 - Using Excel to Prepare Entries for Equity Investments PROBLEM Alaska Corporation purchased common shares of Burke Inc. and
Formula: Subtract, Multiply; Cell Referencing BE9.12 - Using Excel to Prepare Entries for Equity Investments PROBLEM Alaska Corporation purchased common shares of Burke Inc. and accounted for them using FV-OCI. During the year, Burke paid cash dividends. The following data was provided by Alaska Corporation. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references with mathematical formulas to the Problem area or work area as indicated. Number of shares purchased Purchase price of shares Dividends received during the year Fair value at year end Prepare Alaska's journal entries to record: (a) The purchase of the investment 300 $ 23,400 $ 3.25 per share $ 74.50 per share Debit Credit (b) The dividends received Debit Credit (c) The fair value adjustment Debit Credit
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