On 2/1/22, Dexter Coppration purchased 45,000 shares of Lauren Company for $32 each. This investment represented 35% of the outstanding common stock of Lauren, and Dexter intends to bold the investment for more than a year. On 10/1/22, Dexter received dividends of $1.50 per share. Lauren's net income for 2022 was $450,000, and the market value of Lauren stock at 12/31/22 was $35 per share. Make all joumal entries required by Dexter in 2021. What amount did Dexter report for the investment at 12/31/21? Darlington Company has the following securities in its portfolio of trading equity securities on 12/31/21: Harrison Company purchased $200,000 of the 6%,10-year bonds of Cauldron Corporation for $185,788 on 5/2/21, which provides a 7% refum on semi-annual interest payments made every 5/1 and 11/1. Harrison does not intend to hold the bonds until maturity, but will hold them for longer than a year. The market value of the bonds at 12/31/21 is $185.400 and at 12/31/22 is $189,100, On 3/1/22, Harrison sells the bonds (including accrued interest) for $189,250. What journal entries will Harrison make in 2021 and 2022 to appropriately record these transactions and to report this investment on the year-end financial statements? Besides the purchase on 5/2/21, include all interest payments and all year-end accruals What journal entries will Harrison make to record the sale of the investment on 3/1/23 ? On 2/1/22, Dexter Coppration purchased 45,000 shares of Lauren Company for $32 each. This investment represented 35% of the outstanding common stock of Lauren, and Dexter intends to bold the investment for more than a year. On 10/1/22, Dexter received dividends of $1.50 per share. Lauren's net income for 2022 was $450,000, and the market value of Lauren stock at 12/31/22 was $35 per share. Make all joumal entries required by Dexter in 2021. What amount did Dexter report for the investment at 12/31/21? Darlington Company has the following securities in its portfolio of trading equity securities on 12/31/21: Harrison Company purchased $200,000 of the 6%,10-year bonds of Cauldron Corporation for $185,788 on 5/2/21, which provides a 7% refum on semi-annual interest payments made every 5/1 and 11/1. Harrison does not intend to hold the bonds until maturity, but will hold them for longer than a year. The market value of the bonds at 12/31/21 is $185.400 and at 12/31/22 is $189,100, On 3/1/22, Harrison sells the bonds (including accrued interest) for $189,250. What journal entries will Harrison make in 2021 and 2022 to appropriately record these transactions and to report this investment on the year-end financial statements? Besides the purchase on 5/2/21, include all interest payments and all year-end accruals What journal entries will Harrison make to record the sale of the investment on 3/1/23
