Lupis posible o On January 6, 2020, Lang Corp. paid $6.000.000 foris 30 percent investment in Western World in. Assume that on December 31 that same year, Western Wond camere come of $1,800,000 and paid cash dividends of $900,000 1. What method should Lang Corp. use to account for the investment in Western World Inc. Give your reason 2. Journalize these three transactions on the books of Lang Corp. Include an explanation for each entry ignore any brokerage commission expenses 3. Post to the Investment in Western World Inc. Common Shares T-account. What is its balance or all the transactions are posted? 1. What mothod should Lang Corp. use to account for the investment in Western World Inc. ? Give your reason is appropriate because Lang Corp. holds a 30% investment in Western World Inc. and therefore, will have 2. Joumalize these three transactions on the books of Lang Corp. Include an explanation for each entry. Ignore any brokerage commission expenses Begin with the investment in Western World Inc (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Debit Credit Jan On January 6, 2020, Lang Corp. paid $6,000,000 for its 30 percent investment in Western World Inc. Assume th- dividends of $900,000. 1. What method should Lang Corp. use to account for the investment in Western World Inc.? Give your reason 2. Journalize these three transactions on the books of Lang Corp. Include an explanation for each entry. Ignore 3. Post to the Investment in Western World Inc. Common Shares T-account. What is its balance after all the trar Next record the net income earned. Journal Entry Date Accounts and Explanations Debit Cre Jan. 6 Choose from any list or enter any number in the input fields and then continue to the next question. On January 6, 2020, Lang Corp. paid $6,000,000 for its 30 percent investment in Western World Inc. Ase dividends of $900,000. 1. What method should Lang Corp. use to account for the investment in Western World Inc.? Give your 2. Journalize these three transactions on the books of Lang Corp. Include an explanation for each entry 3. Post to the Investment in Western World Inc. Common Shares T-account. What is its balance after all Now record the cash dividends received. Date Journal Entry Accounts and Explanations Jan. 6 Debit 3. Post to the Investment in Western World Inc. Common Shares T-account What is its balance after all the tra Choose from a w ur lany IP. Te an explanation for each entry, Ignore any brokerage 3. Post to the Investment in Western World Inc. Common Shares T-account. What is its balance after all the transactions are pe 3. Post to the Investment in Western World Inc. Common Shares T-account. What is its balance after all the transactions are po Investment in Western World Inc. Common Shares Balance Choose from any list or enter any number in the input fields and then continue to the next
