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just need help with the accounts Gradebook ORION Downloadable eTextbook ent FULL SCREEN Your answer is partially correct. Try again. Assume that Cookie & Coffee

just need help with the accounts
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Gradebook ORION Downloadable eTextbook ent FULL SCREEN Your answer is partially correct. Try again. Assume that Cookie & Coffee Creations Inc, buys the shares and in the following year. The Beanery Coffee eams $50,000 net income and pays $25,000 in dividends Prepare the journal entries required under both the cost method and the equity method of accounting for this investment. (II no entry is required, select "No Entry" for the a for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Cost Method: Debit Credit Stock Dividends Stock Investments 7500 Equity Method: Stock Dividends 15000 15000 Stock Investments (To record equity in Beanery's net income) Stock Dividends tock Investments To record dividends received) 2000-2019 JohnnnicyAsans.lrs. All Rights Reserved. A Division of 3 to wtex Alone Int Pivacy PKY1 DOLL

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