Money Man Investments completed the following transactions during

2024:

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Requirements

1.	Journalize Money Man's transactions. Explanations are not required.
2.	Classify and prepare partial financial statements for Money Man's 25% Technomite investment for the year ended December 31, 2024.

Requirement 1. Journalize

Money Man's

transactions. 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

400

shares of

Technomite

stock, paying

$56

per share. The investment represents

25%

ownership in

Technomite's

voting stock and

Money Man

has significant influence over

Technomite.

Money Man

intends to hold the investment for the indefinite future.

Date			Accounts	Debit	Credit
Jan. 14

Jan. 14

Purchased 400 shares of Technomite stock, paying $56 per share. The investment represents 25% ownership in Technomite's voting stock and Money Man has significant influence over Technomite. Money Man intends to hold the investment for the indefinite future.

Aug. 22

Received a cash dividend of $0.27 per share on the Technomite stock.

Dec. 31

Technomite's current market value of $51 per share.

Dec. 31

Technomite reported net income of $180,000 for the year ended 2024.