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. Journalize the transactions for Garden's investment in Iris' stock (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Garden's initial investment in Iris, Inc., stock. Accounts and Explanation Date Feb. 1 Debit B Credit Mavt inimalive Garden'e roroint of the Ortohor 1 duidend Choose from any list or enter any number in the input lelds and then continue to the next question Save for Later 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 l October 31, 2018, for $19,550. Assume the investment is categorized as a short-term equity investment and Garden Company does not have signific Iris, Inc. Read the requirements. Next, journalize Garden's receipt of the October 1 dividend Accounts and Explanation Date Oct. 1 Now journalize Garden's sale of the Iris, Inc., stock on October 31. Accounts and Explanation Date Debit Debit Credit Credit Oct 31 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later This Question: 4 pls Now joumalize Garden's sale of the Iris, Inc., stock on October 31. Accounts and Explanation 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 over Iris, Inc. Read the requirements Date 2 of 22 Oct. 31 Debit Credit Requirement 2. What was the net effect of the investment on Garden's net income for the year ended December 31, 2018? Garden's net income for the year has by S This Test: 50 pls possa Choose from any list or enter any number in the input fields and then continue to the next question Save for Later