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On May 15th, 2019, Terry purchased 212,670 shares of ZHT, Inc.'s 473,000 outstanding shares for $1.40 per share. On December 31, 2019, ZHT, Inc. reported
On May 15th, 2019, Terry purchased 212,670 shares of ZHT, Inc.'s 473,000 outstanding shares for $1.40 per share. On December 31, 2019, ZHT, Inc. reported net income of $1,256,000 and paid a dividend of $226,000. ZHT, Inc.'s market price per share on 12/31/2019 was $1.55. No entries have been for this investment.
Please helping on making the Journal Entries for this. Thank you!
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