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Journal Entry? The following events are for King Investment Inc.: 2020 Feb. 25 Purchased 189,480 shares of Jack Indoman shares for $184,700. Jack has 947,400
Journal Entry?
The following events are for King Investment Inc.: 2020 Feb. 25 Purchased 189,480 shares of Jack Indoman shares for $184,700. Jack has 947,400 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by King. Oct. 1 Jack declared and paid a cash dividend file. per share Dec. 31 Jack announced that profit for the year amounted to $642,249. 2021 April 1 Jack declared and paid a cash dividend of $0.5e per share. Dec. 31 Jack announced that profit for the year amounted to $774,650 31 King sold 76,630 shares of Jack for $114,210. Required: Prepare general journal entries to record each transaction. (Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar:) View transaction fist Journal entry worksheet Record the purchase of investment. Note: Enter debits before credits: archStep by Step Solution
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