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Green Back Investments completed the following investment transactions during 2018: i (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2018.
Green Back Investments completed the following investment transactions during 2018: i (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2018. Explanations are not required. 2. What accounts) and amounts), if any, would be reported on Green Back's income statornient for the year ended December 31, 2018? Requirement 1. Journalize the entries for 2018. 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 500 shares of Sysky stock, paying $58 per share. The investment represents 4% ownership in Sysky's voting stock. Green Back does not have significant influence over Sysky. Green Back intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 i More Info Aug. 22: Received a cash dividend of $0.25 per share on the Sysky stock. Date Accounts Jan. 14 Purchased 500 shares of Sysky stock, paying $58 per share. The investment represents 4% ownership in Sysky's voting stock. Green Back does not have significant influence over Sysky. Green Back intends to hold the investment for the indefinite future Aug. 22 Received a cash dividend of $0.25 per share on the Sysky stock Dec. 31 Adjusted the Sysky investment to its current market value of S60. Debit Credit Aug. 22 Print Done Dec. 31: Adjusted the Sysky investment to its current market value of $60. Date Accounts Debit Credit Dec. 31 Requirement 2. What account(s) and amount(s), if any, would be reported on Green Back's income statement for the year ended December 31, 2018? (Use parentheses or a minus sign for a loss.) Green Back Investments Income Statement (Partial) For the Year Ended December 31, 2018 Other Income and (Expenses)
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