I am working on Accounting comprehensive problem 4 out of Warren?Reeve?Duchac 25e. I Ann having trouble with the journal entries.

Toon Co. bonds 101 per $10o of face amount 31 . Closed the Teasdale Inc . net income of $51 , 240 for 2015. Teasdale Inc. paid no dividends during 2015. Instructions Determine the missing letters in the unclassified balance sheet . Provide appropriate* supporting calculations . Selected transactions completed by Equinox Products Inc . during the fiscal year ended December 31 , 2014 , were as follows : a. Issued 15, 000 shares of $ 20 par common stock at $30 , receiving cash . b. Issued 4, 000 shares of $80 par preferred 5% stock at $100, receiving cash . C. Issued $500, 000 of 10- year , 5% bonds at 104 , with interest payable semiannually . d . Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock . On the date of record , 100, 000 shares of common stock were outstanding , no treasury shares were held , and 20, 000 shares of preferred stock were outstanding . . Paid the cash dividends declared in ( d ) . F . Purchased 7 , 500 shares of Solstice Corp . at $ 40 per share , plus a $150 brokerage com - mission . The investment is classified as an available- for-sale investment . 8. Purchased 8, 000 shares of treasury common stock at $33 per share . h. Purchased 40, 000 shares of Pinkberry Co. stock directly from the founders for $ 24 per share . Pinkberry has 125, 000 shares issued and outstanding . Equinox Products Inc. treated the investment as an equity method investment . i . Declared a $1.00 quarterly cash dividend per share on preferred stock . On the date of record , 20,000 shares of preferred stock had been issued . j . Paid the cash dividends to the preferred stockholders . K. Received $27 , 500 dividend from Pinkberry Co. investment in ( h ) . 1 . Purchased $90 , 000 of Dream Inc . 10 - year , 5% bonds , directly from the issuing company , at their face amount plus accrued interest of $375 . The bonds are classified as a held - to - maturity long-term investment . m. Sold , at $38 per share , 2, 600 shares of treasury common stock purchased in ( 8 ) . n . Received a dividend of $0.60 per share from the Solstice Corp . investment in ( F ) . 0 . Sold 1, 000 shares of Solstice Corp . at $ 45 , including commission . P. Recorded the payment of semiannual interest on the bonds issued in ( C ) and the amortization of the premium for six months . The amortization is determined using the straight- line method . Accrued interest for three months on the Dream Inc . bonds purchased in (1 ). 9 . I . Pinkberry Co. recorded total earnings of $ 240, 000 . Equinox Products recorded equity earnings for its share of Pinkberry Co. net income . ( Continued )710 Chapter 15 Investments and Fair Value Accounting . The fair value for Solstice Corp. stock was $39. 02 per share on December .` =Vis . The investment is adjusted to fair value , using a valuation allowance account Assume Valuation Allowance for Available- for-Sale Investments had a beginning bowl ance of zero . Instructions 1. Journalize the selected transactions .