On March 1, 2018, Garden Company invests $21,000 in Firs, Inc. stock. Furs pays Garden a $1,100 dividend on July 1, 2018. Garden sells the Firs's stock on July 31. 2018, for $21,200. Assume the investment is categorized as a short-term equity investment and Garden Company does not have significant influence over Firs, Inc. Read the requirements Requirement 1. Joumalize the transactions for Garden's investment in Firs' 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 Firs, Inc., stock. Date Accounts and Explanation Debit Credit Mar. 1 Next, journalize Garden's receipt of the July 1 dividend Accounts and Explanation Date Debit Choose from any list or enter any number in the input fields and On March 1, 2018, Garden Company invests $21,000 in Firs, Inc. stock. Firs pays Garden a $1,100 dividend on July 1, 2018. Garden sells the Firs's stock on July 31, 2018, for $21,200. Assume the investment is categorized as a short-term equity investment and Garden Company does not have significant influence over Firs, Inc. Read the requirements Next, journalize Garden's receipt of the July 1 dividend Date Accounts and Explanation Debit Credit Now journalize Garder's sale of the Firs, Inc., stock on July 31 Date Accounts and Explanation Jul 31 Debit Credit Choose from any list or enter any number in the input Delds and then continue to the next question On March 1, 2018, Garden Company invests $21,000 in Firs, Inc. stock. Firs pays Garden a $1,100 dividend on July 1, 2018. Garden sells the Firs's stock on July 31. 2018, for $21,200. Assume the investment is categorized as a short-term equity investment and Garden Company does not have significant influence over Firs, Inc. Read the requirements. Now journalize Garden's sale of the Firs, Inc., stock on July 31. Date Accounts and Explanation Debit Credit Jul. 31 Requirement 2. What was the net effect of the investment on Garden's net income for the year ended December 31, 20187 Garden's net income for the year has in the innuit fields and then continue to the next question On March 1, 2018, Garden Company invests $21,000 in Firs, Inc, stock. Firs pays Garden a $1,100 dividend on July 1, 2018. Garden sells the Firs's stock on July 31, 2018, for $21,200. Assume the investment is categorized as a short-term equity investment and Garden Company does not have significant influence over Firs, Inc. Read the requirements Requirement 1. Journalize the transactions for Garden's investment in Firs' stock (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by journalizing Garder's initial Requirements Date M ETER LA 1. Journalize the transactions for Garden's investment in Firs's stock 2. What was the net effect of the investment on Garden's net income for the year ended December 31, 2018? Next, journalize Garden's receipt of the Date Accounts and Explanation Debit
