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L.wn Corporation purchased 297,500 of the 1,190,000 common shares of Abicus Ltd. on October 1, 2021, at $2,20 per share. Near the end of the

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L.wn Corporation purchased 297,500 of the 1,190,000 common shares of Abicus Ltd. on October 1, 2021, at $2,20 per share. Near the end of the fourth quarter ended on December 29 th, Abacis declared dividends on its common shares of $83,000 but the dividend payment date is not until 2022. Abacus also announced that it had net income for the quarter ended December 31, 2021, of $197,000. Record the jourmalentries that Law would make during the last quarter ended December 31, 2021, under the following assumptions: (a) Lawn thas signyiticant influence over Abscis and uses the equity method to accomint for this investment. Ilist all debit entries before ordit entries. Condit account lites are autonotically indeated when the ameuat is entered. Do not indent manually If no entry is required, seiect "No Entry for thie occount bites and enter O for the amounts) L.wn Corporation purchased 297,500 of the 1,190,000 common shares of Abicus Ltd. on October 1, 2021, at $2,20 per share. Near the end of the fourth quarter ended on December 29 th, Abacis declared dividends on its common shares of $83,000 but the dividend payment date is not until 2022. Abacus also announced that it had net income for the quarter ended December 31, 2021, of $197,000. Record the jourmalentries that Law would make during the last quarter ended December 31, 2021, under the following assumptions: (a) Lawn thas signyiticant influence over Abscis and uses the equity method to accomint for this investment. Ilist all debit entries before ordit entries. Condit account lites are autonotically indeated when the ameuat is entered. Do not indent manually If no entry is required, seiect "No Entry for thie occount bites and enter O for the amounts)

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