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Know All Investments completed the following investment transactions during 2024: (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2024. Explanations

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Know All Investments completed the following investment transactions during 2024: (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2024. Explanations are not required. 2 What account(s) and amount(s), if any, would be reported on Know All's income statement for the year ended December 31, 2024? Requirement 1. Journalize the entries for 2024. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 800 shares of Naradon stock paying $56 per share. The investment represents 4% ownership in Naradon's voting stock. Know All does not have significant influence over Naradon. Know All intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 - X More Info Jan. 14 Purchased 800 shares of Naradon stock, paying $56 per share. The investment represents 4% ownership in Naradon's voting stock. Know All does not have significant influence over Naradon. Know All intends to hold the investment for the indefinite future Aug. 22 Received a cash dividend of $0.86 per share on the Naradon stock. Dec. 31 Adjusted the Naradon investment to its current market value of $58

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