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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.)
- Purchased 17,875 of Tristezza common stock at $19 per share
- Received the current year financial statements of Tristezza Corporation that reported net income of $96,000
- Tristezza Corporation declared a cash dividend of $0.6 per share
- Tristezza Corporation paid the cash dividend declared of $0.6 per share
- Determined the market price of Tristezza stock to be $18 per share
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