journal entires

ter Review 15-16 (Extra Credit) Saved Required information The folowing information applies to the questions displayed below) of 2 Selk Steel Co, which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments 2017 Jan. 5 Selk purchased 40,000 shares (2os of total) of Kildaire's common stoek for $1,320,000. oct. 23 kildaire declared and paid a eash dividend of $3.30 per share. Dee. 31 Ki1daire's net incone for 2017 i 1,174,000, and the fair value of its stook st Decenber 31 is 34.00 per share 2018 oet. ISKLdaire declared and paid a cash dividend ot $2.70 per share Dec. 31 Kiidaire's net incone for 2018 is $1,486,000, and the fair value of its stock at Decenber 31 is 36.00 per share. 2019 Jan. 2 Selk sold all of its investment in Kildaire for $1,725,000 cash. ences Part 1 Assume that Selk has a significant influence over kidaire with its 20% share of snoek, Required 1. Prepare journal entries to record these transactions and events for Selk. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. 2017 2018 2019 Prepare journal entries to record these transactions and events for Selk View transaction list View journal entry worksheet Jan 02, 2019 Cash on sale of investment 2018