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On February 1, 2018, Garden Company invests $19,000 in Iris, Inc. stock. Iris pays Garden a $1,100 dividend on October 1, 2018. Garden sells the
On February 1, 2018, Garden Company invests $19,000 in Iris, Inc. stock. Iris pays Garden a $1,100 dividend on October 1, 2018. Garden sells the Iris's stock on October 31, 2018, for $19,550. Assume the investment is categorized as a short-term equity investment and Garden Company does not have significant influence Iris, Inc. Read the requirements Requirement 1. Jounalize the transactions for Garden's investment in Iris' stock (Record debits first, then credits. Select the explanation on the last line of the jounal entry table.) Begin by journalizing Garden's initial investment in Iris, Inc., stock Date Accounts and Explanation Debit Credit Feb. 1 Choose from any Wst or enter any number in the input fteds and then continue to the nexd question Save for Later
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