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********JUST NEED NUMBER the gerenal journal are correct****** Required information APA-4 (Algo) Recording Passive Investments and Investments for Significant Influence LO A-2, A-3 [The following
********JUST NEED NUMBER the gerenal journal are correct******
Required information APA-4 (Algo) Recording Passive Investments and Investments for Significant Influence LO A-2, A-3 [The following information applies to the questions displayed below.] On March 31, 20X1, Robert Electronics Company purchased 4,400 shares of Pat Company for $270,000. The following information applies to the stock of Pat Company: Pat Company declares cash dividends of $2 per share on November 1 of each year and pays dividends on December 1 of each year. APA-4 Part 2 . Prepare journal entries to record the facts in the case, assuming that Robert used the equity method to account for the investment. obert owns 40 percent of Pat Company and Pat Company reported $125,000 in income each year. lote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the declaration of dividends on November 1,201. Note: Enter debits before credits. Journal entry worksheet Record the receipt of dividends on December 01,201. Note: Enter debits before credits. Journal entry worksheet Record the Robert's share of income, from investment made in the equity of Pat company, on December 31,201. Note: Enter debits before credits. Journal entry worksheet 1 2 3 6 7 Record the declaration of dividends on November 1, 202. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 Record the receipt of dividends on December 01,202. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 8 Record the Robert's share of income, from investment made in the equity of Pat company, on December 31,202. Note: Enter debits before credits. Journal entry worksheet Record the declaration of dividends on November 1,203. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the Robert's share of income, from investment made in the equity of Pat company, on December 31,203. Note: Enter debits before creditsStep by Step Solution
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