journal entries

2. Manitoba Limited is a publicly-traded business with a December 31 fiscal year end. To get a better return on some of its excess cash, Manitoba purchased common shares of Northen Eats Corporation. Due to the nature of the Investment, Manitoba's management is accounting for the investment using the fair value through other comprehensive income (FV-OC) method. Information pertaining to the transactions that occurred with respect to this investment follows: 11 mars 220 00 $ 0.20 July 1, 2020 Number of shares purchased in Northern Eats Corporation Purchase price per share August 1, 2020 Northern Eats Corporation declares dividends. Dividends declared (per share) August 20, 2020 Northern Eats Corporation pays dividends declared on August 1, 2020 December 31, 2020 The Northern Eats Corporation common shares were trading at the following price per share: $ 7 September 15, 2021 Manitoba sold the shares in Northern Eats at the following $ price per share: Required: Prepare journal entries to record each of the above transactions on the bools of Manitoba Limited