Learning: Investments QUESTION ANSWER Credit Date Mar 31 Debit 25,000 Adkins Appliances buys 10,000 shares of stock in Charlie Company for $10 per share on January 2 of the current year. Adkins owns 35% of Charlie Company's voting stock, has significant influence in decision making, and intends to hold on to it for several years. On March 31, a $2.50 per share dividend is paid. Accounts Cash Equity Investments - Charlie Co 25,000 What is the journal entry to record the dividend received is: Credit Date Accounts Debit Mar 31 Dividend Revenue 25,000 Cash 25,000 Credit Date Mar 31 Debit 25,000 Accounts Equity Investments - Charlie Co. Cash 25,000 Date Credit Accounts Cash Dividend Revenue Debit 25,000 Mar 31 25.000