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Question 26 Roe Corporation owns 2,000 shares of WRJ Corporation stock. WR) Corporation has 25,000 shares of stock outstanding. WR paid $4 per share in
Question 26 Roe Corporation owns 2,000 shares of WRJ Corporation stock. WR) Corporation has 25,000 shares of stock outstanding. WR paid $4 per share in cash dividends to its stockholders. Roe's entry to record the receipt of these dividends is: Debit Cash, $8,000; credit Long-Term Investments, $8,000. Debt Long-Term Investment, $8,000; credit Cash, $8,000. Debit Cash, $8,000; credit Dividend Revenue, $8,000, Debit Unrealized Gain-Equity. $8,000; credit Cash, $8,000. Debit Cash, $8,000; credit Interest Revenue, $8,000. Question 26 Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4 per share in cash dividends to its stockholders. Roe's entry to record the receipt of these dividends is: Debit Cash, $8,000; credit Long-Term Investments, $8,000. Debt Long-Term Investment, $8,000; credit Cash, $8,000. Debit Cash, $8,000, credit Dividend Revenue, $8,000, Debit Unrealized Gain-Equity, $8,000; credit Cash, $8,000. Debit Cash. $8.000; credit Interest Revenue, $8,000
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