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January 1 , Oriole Company purchased a 2 5 % equity investment in Pharoah Company for $ 3 3 6 , 0 0 0 .
January Oriole Company purchased a equity investment in Pharoah Company for $ At December Pharoah Company declared and paid a $ dividend and reported net income of $
a
Journalize the transactions on the books of Oriole Company. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Date
Account Titles and Explanation
Debit
Credit
To record dividends received
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