June 1: Horsepasture paid a $1.10 per share cash dividend to stockholders Date Accounts and explanation Debit Credit Jun. 1 Score: 139 of 5 pts 5 of 918 complete Question Help % 515-4 (similar to) On January 1, 2018. Rusty, Ine decides to relin 2.450 shares of Horseasure to when the stock wing for 513 per share on June 1. 2018, Horsepasture paid a 5110 per share cash dividend to stockholders On December 31, 2016. Harsepasture reports net income of $110.000 for 2018. Assume Horseasturlas 27.000 ars of voting stock outstanding during 2018 and Rusty has significant influence over Horsepasture Read the Requirement 1. Identity what type of investment the Horseasture stook is for Fun On January 1, 2018. Rusty, Inc. decides to invest in 9.400 for 2018. Assume Horsepasture has 27.000 shares of voting stock outstanding during 2018 and Rusty has significant influence over Horsepasture. Read the requirements Requirement 1. Identify what type of investment the Horsepasture stock is for Rusty. investment Rusty's investment would be a significant influence Requirement 2. Journalize the transactions related to Rusty's investment in the Horsepasture stock during 2018. (Record debits first, then credits. Select the explanation on the last line of Accounts and Explanation column and leave the remaining cells blank.) January 1: Rusty, Inc. decides to invest in 9.450 shares of Horsepasture stock when the stock is selling for $13 per share. Date Debit Credit Jan. 1 Accounts and Explanation Equity Investments-Horsepasture Cash 122,850 122,850 Purchased investment in stock (equity method). June 1: Horsepasture paid a $1.10 per share cash dividend to stockholders Date Accounts and Explanation Debit Credit Jun Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All 1 O Type here to search 20 a L 99+ Question Help 5 of 9 19 complete) mework: Chapter 15 Hon re: 139 of 5 pts S15-4 (similar to) January 1, 2018 Rusty, Inc. decides to invest in 9.450 shares of Horsepasture stock when the stock is selling for $13 per Share on June 1. 2018. Horseasture paid a $1. 10 per share cash dividend to stockholders On December 31, 2018. Horsepasture reports net income of 5110.000 2013. Assume Horsecure has 27,000 shares of voting stock outstanding during 2018 and Rusty has significant influence over Horseasture Read the rements Requirement 1. Identity what type of investment the Horsepasture stock is for Rusty Rusly's investment would be a significant influence nvestment Requirement 2 Joumatice the transactions related to Rusty's investment in the Hocpasture Mock during 2018 Record de store Select the con on the best ine of the journal entry labino entry is required. "No entry required on the first line of the and Explan nation color and leave the remaining celsink the stock is sing for 513 per share