Q3

On March 1, 2025, Strub Company irvests $21,000 in Bulbs, Inc. stock. Bubs, Inc. pays Shrub Company a $200 dividend on August 1, 2025. Shrub Corrparyy solls the Bubs, Inc.'s stock on August 31, Requirements 1. Journalice the transactions for Shrub Company's inwestment in Bulbs, Inc's slock. 2. What was the net effect of the investment on Shrub Compary's net incomo for the yoar ondod Decombor 31, 2025? Requirement 1. Jounalize the transactions for Shrub Company's investment in Bubs, Inc.'s stock. (Rocord debits first, then credits. Seloct the explanation on the last line of the journal entry table.) Begin by journaliang Shrub Companys initial imvestrrent in Bulbs, Inc. slock. Next, journalize Shrub Company's receipt of the August 1 dividend. Requirements 1. Journalize the transactions for Shrub Company's investment in Bulbs, Inc.'s stock. 2. What was the net effect of the investment on Shrub Company's net income for the year ended December 31, 2025? Now journalize Shrub Company's sale of the Bulbs, Inc. stock on August 31. Requirement 2. What was the net effect of the investment on Shrub Company's net income for the year ended December 31, 2025? (Enter a net Not effoct on income for the year = Available-for-Sale Debt Investments Cash Dividend Revenue Equity Investments Fair Value Adjustment-Available-for-Sale Fair Value Adjustment-Trading Fair Value Adjustment-Trading Gain on Disposal Held-to-Maturity Debt Investments Interest Revenue Loss on Disposal Trading Debt Investments