More Info Jul. 1 Jul. 7 Jul. 10 Purchased 5,000 shares in Aldrich Outdoor Adventure Company for $9 per share. Better Boat does not have significant influence over Aldrich. Purchased 45% of the stock of Braun Backpacks consisting of 90,000 shares of stock (out of a total of 200,000 shares) for $3 per share. Better Boat does have significant influence over Braun. Purchased a bond from Calmer Canoes with a face value of $140,000. Better Boat intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31. Received dividends of $0.05 per share from Aldrich. Received dividends of $0.50 per share from Braun. Received an interest payment of $2,800 from Calmer Canoes. Braun Backpacks reported net income of $60,000 for the year. Better Boat Company's share of the net income is $13,500. Adjusted the Aldrich stock for a market value of $8.97 per share. Sep. 30 Nov. 1 Dec. 31 Dec. 31 Dec. 31 Print Done Better Boat Company's Ashley and Zavler Waldon are pleased with the growth of their business and have decided to invest its temporary excess cash in a brokerage account. The company had the following securities transactions in 2025. Click the icon to view the securities transactions.) Read the requirements. CE Requirement 1. Journalize the transactions including any entries, if required, at Decerriber 31, 2025. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required." on the first line of the Accounts column and leave all other cells blank. When prorating any calculations based on the amount of time an Investment was outstanding during the year, use full months. It is not necessary to prorate base on the number of days the investment was outstanding for.) Jul. 1: Purchased 5,000 shares in Aldrich Outdoor Adventure Company for $9 per share. Better Boat does not have significant influence over Aldrich. Date Accounts and Explanations Debit Credit Jul. 1 stock (out of a total of 200,000 shares) for $3 per share. Better Boat does have significant influence over Braun. Jul. 7: Purchased 45% of the stock of Braun Backpacks consisting of 90,000 shares Date Accounts and Explanations Jul. 7 Debit Credit Jul. 10: Purchased a bond from Calmer Canoes with a face value of $140,000. Better Boat intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31. Date Accounts and Explanations Debit Credit Jul. 10 Sep. 30: Received dividends of $0.05 per share from Aldrich. Date Accounts and Explanations Debit Credit Sep. 30 Nov. 1: Received dividends of $0.50 per share from Braun. Date Accounts and Explanations Debit Credit Nov. 1 Dec. 31: Received an interest payment of $2,800 from Calmer Canoes. Date Accounts and Explanations Debit Credit Dec. 31 Dec. 31: Braun Backpacks reported net income of $60,000 for the year. Better Boat Company's share of the net income is $13,500. Date Accounts and Explanations Debit Credit Dec. 31 Dec. 31: Adjusted the Aldrich stock for a market value of $8.97 per share. Date Accounts and Explanations Debit Credit Dec. 31 Requirement 2. Determine the effect on Better Boat Company's net income for the year for each of the three investments. (Enter a decrease with a minus sign or parentheses.) Review the journal entries prepared in Requirement 1. Net increase (decrease) in Investment Better Boat's 2025 income Aldrich Braun Calmer