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how to solve each journal entry. as well as the computations required.. please! More Info ents in equity ato Ch s durin ck the ement

how to solve each journal entry. as well as the computations required.. please! image text in transcribed
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More Info ents in equity ato Ch s durin ck the ement all jou dits. El allocate January 1 (Beginning Balance: No entry required) Record debits first months and not e the ad January 23 unt atry reqy February 4 March 23 June 30 J&G is currently holding 8,900 of Dutiful Corporation common shares (publicly traded). The Dutiful shares cost $19 per share. There is a debit balance of $8,900 in the fair value adjustment account. J&G does not have a significant influence over the investee J&G purchased 1,500 shares of Crawford Company common stock for $153 per share. Crawford Company is publicly traded J&G does not have a significant influence over the investee J&G acquired 75,000 of the 300,000 outstanding shares of Oddity, Inc. for a total cost of $577,500. Dutiful Corporation paid a $3.80 per share cash dividend. Oddity, Inc. reported $1,900,000 in net income for the year. Oddity also declared and paid a cash dividend of $2.70 per share. J&G purchased 330 bonds of the Vargo Jobe Group (VJG) at $900 par and intends to hold the debt investment to maturity J&G accrued interest on the VJG bonds amounted to $37 125 The year-end market values of the Dutiful Corporation and Crawford shares are $30 20 and $210 per share, respectively. The VJG bonds were trading at $1,000 at the end of the current period and Oddity was trading at $8 per prepare October 15 Sunt December 31 Value Ad realized G December 31 Print Done se from a J&G Potato Chip Company, a U.S. GAAP reporter, provides you with the following information regarding its investments in equity securities during the current year (Click the icon to view the investment information.) Requirement Prepare all journal entries necessary to record J&G's investment transactions for the year. Show all computations. (Record debits first then credits. Exclude explanations from any journal entries. If your calculations require allocation based on time, use months and not days to allocate.) January 23. J&G purchased 1,500 shares of Crawford Company common stock for $153 per share. Crawford Company is publicly traded. J&G does not have a significant influence over the investee January 23 229500 Account Investment in Oddity, Inc. 229500 Cash February 4: J&G acquired 75,000 of the 300,000 outstanding shares of Oddity, Inc. for a total cost of $577,500 February 4 577500 577500 Account Investment in Oddity, Inc Cash Choose from any list or enter any number in the input fields and then continue to the next question securities during the current year (Click the icon to view the investment information) Requirement Prepare all journal entries necessary to record J&G's investment transactions for the yoar. Show all computations (Record debits then credits. Exclude explanations from any journal entries. If your calculations require allocation based on time, use months and not days to allocate) March 23 Dutiful Corporation paid a $3.80 per share cash dividend Account Cash March 23 33820 33820 Dividend Income June 30. Oddity, Inc reported $1,900,000 in net income for the year when calculating the amount, consider how many months the company owned this stock (Round your answer to the nearest whole dollar) June 30 950000 Account Investment in Oddity, Inc Cash 950000 Choose from any list or enter any number in the input fields and then continue to the next question 3 Type here to search iuni J&G Potato Chip Company, a U.S. GAAP reporter, provides you with the following information regarding its investments in equity securities during the current year (Click the icon to view the investment information) Requirement Prepare all journal entries necessary to record J&G's investment transactions for the year. Show all computations (Record debits then credits Exclude explanations from any journal entries. If your calculations require allocation based on time, use months and not days to allocate.) June 30: Oddity, Inc. declared and paid a cash dividend of $2.70 per share June 30 24030 Account Cash Dividend Income 24030 October 15 J&G purchased 330 bonds of the Vargo Jobe Group (VJG) at 5900 par and intends to hold the debt investment to maturity October 15 297000 297000 Account Investment in Oddity, Inc. Cash Choose from any list or enter any number in the input fields and then continue to the next question Type here to search in pore provides you webwing mommation you sees securities during the current year, Click the icon to view the investment information) Requirement Prepare all journal entries necessary to record J&G's investment transactions for the year. Show all computations. (Record debits fut then credits. Exclude explanations from any journal entries. If your calculations require allocation based on time, use months and not days to allocato) | Account Investment in Oddity, Inc 37125 Cash 37125 December 37 December 31: The year-end market values of the Dutiful Corporation and Crawford shares are $30 20 and 5210 per share, respectively. The VJG bonds were trading at $1,000 at the end of the current period and Oddity was trading at $8 per shared no entry is required, select "No entry required" on the first Account line and leave the remaining cells blank) Begin with the adjustment, if any, for the Dutiful Corporation investment Account Investment in Oddity, Inc interest Receivablo December 31 37125 37125 Choose from any list or enter any number in the input fields and then continue to the next question O . a Type here to search ip Requirement Prepare all journal entries necessary to record J&G's investment transactions for the year Show all computations (Record debits first then credits. Exclude explanations from any journal entries. If your calculations require allocation based on time, use months and days to allocate) Now prepare the adjustment, if any, for the Crawford investment December 31 3712 Account interest Receivable Unrealized Gain Loss - Net Income 17 repare the adjustment if any, for the VJG bonds Account No enty required Choose from any list or enter any number in the input fields and then continue to the next question I Type here to search ini J&G Potato Chip Company, a U.S. GAAP reporter, provides you with the following information regarding its investments in equity secunties during the current year Click the icon to view the investment information ) Requirement Prepare all journal entries necessary to record J&G's investment transactions for the year. Show all computations. (Record debitstest then credits Exclude explanations from any journal entries if your calculations require allocation based on time, use months and days to allocate) Prepare the adjustment, if any, for the VJG bonds December 31 Account No entry required Finally, prepare the adjustment, if any, for the Oddity investment December 31 37125 Account Fair Value Adjustment Equity Investments Unrealized Gairloss - Net Income Choose from any list or enter any number in the input fields and then continue to the next question o Type here to search irri

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