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Prepare the journal entries for each of these transactions. (Round your intermediate percentage answer to 1 decimal place(For example, .129should be 12.9%). If no entry

Prepare the journal entries for each of these transactions.(Round your intermediate percentage answer to 1 decimal place(For example, .129should be 12.9%). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

  1. Purchased 17,875 of Tristezza common stock at $19 per share
  2. Received the current year financial statements of Tristezza Corporation that reported net income of $96,000
  3. Tristezza Corporation declared a cash dividend of $0.6 per share
  4. Tristezza Corporation paid the cash dividend declared of $0.6 per share
  5. Determined the market price of Tristezza stock to be $18 per share
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Required information [The following information applies to the questions displayed below ] Gioia Company acquired some of the 79,000 shares of outstanding common stock (no par) of Tristezza Corporation during the current year as a long-term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the current year: Jan. 19 Purchased 17,875 shares of Tristezza common stock at $19 per share. Dec. 31 01. Received the current year financial statements of Tristezza Corporation that reported net income of $96,608. b. Tristezza Corporation declared a cash dividend of $8.6 per share. 5. Tristezza Corporation paid the cash dividend declared in (b). d. Determined the market price of Tristezza stock to be $18 per share. Required: 2. Prepare the journal entries for each of these transactions. (Round your intermediate percentage answer to1 decimal place (For example, .129 should be 12.9%). If no entry is required for a transaction/event, select "Nojournal entry required" in the rst account eld.) Purchased 17,875 shares of Tristezza common stock at $19 per share. Note: Enter debits before credits. January 10 Clear entry View general journal

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