Question 8 Refer to Background , to fill in the blanks in Question 8 png use the list of accounts below Background RiverbedCorporation purchased370common shares of Ditch Inc for $14,400on February 21 Riverbedpaid a 1 commission on the share purchase and, because the shares were not publicly traded, decided to account for them following the cost model On June 30, Ditch declared and paid a cash dividend of $1 50per share List of Accounts Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost Cash Dividends Receivable Dividend Revenue FV NI Investments FV OCI Investments Gain on Disposal of Investments in Associate Gain on Disposal of Investments Cost Amortized Cost Gain on Disposal of Investments FV NI Gain on Disposal of Investments FV OCI Gain or Loss in Value of Investment Property GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associate Investment Income or Loss Loss on Discontinued Operations Loss on Disposal of Investments Cost Amortized Cost Loss on Disposal of Investments FV NI Loss on Disposal of Investments FV OCI Loss on Impairment No Entry Note Investment at Amortized Cost Other Investments Recovery of Loss from Impairment Retained Earnings Unrealized Gain or Loss Unrealized Gain or Loss OCI Question 8 png Prepare Riverbed Corporation's journal entry to record the purchase of the investment (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter O for the amounts ) Date Account Titles and Explanation Debit Credit February 21 Prepare Riverbed Corporation's journal entry to record the dividends received (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Date Account Titles and Explanation Debit Credit June 30 Prepare Riverbed Corporation's journal entry to record the sale of the Ditch Inc shares in early January the following year for $16,400 less 186 commission paid on the sale (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Account Titles and Explanation Debit Credit

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Question 8 Refer to Background , to fill in the blanks in Question 8.png use the list of accounts below Background: RiverbedCorporation purchased370common shares of

Question 8

Refer to Background, to fill in the blanks in Question 8.png use the list of accounts below

Background: RiverbedCorporation purchased370common shares of Ditch Inc. for $14,400on February 21.Riverbedpaid a 1% commission on the share purchase and, because the shares were not publicly traded, decided to account for them following the cost model. On June 30, Ditch declared and paid a cash dividend of $1.50per share.

List of Accounts

Accumulated Other Comprehensive Income
Allowance for Investment Impairment
Bond Investment at Amortized Cost
Cash
Dividends Receivable
Dividend Revenue
FV-NI Investments
FV-OCI Investments
Gain on Disposal of Investments in Associate
Gain on Disposal of Investments - Cost/Amortized Cost
Gain on Disposal of Investments - FV-NI
Gain on Disposal of Investments - FV-OCI
Gain or Loss in Value of Investment Property
GST Receivable
Interest Expense
Interest Income
Interest Payable
Interest Receivable
Investment in Associate
Investment Income or Loss
Loss on Discontinued Operations
Loss on Disposal of Investments - Cost/Amortized Cost
Loss on Disposal of Investments - FV-NI
Loss on Disposal of Investments - FV-OCI
Loss on Impairment
No Entry
Note Investment at Amortized Cost
Other Investments
Recovery of Loss from Impairment
Retained Earnings
Unrealized Gain or Loss
Unrealized Gain or Loss - OCI

Question 8.png

Prepare Riverbed Corporation's journal entry to record the purchase of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit February 21 Prepare Riverbed Corporation's journal entry to record the dividends received. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit June 30 Prepare Riverbed Corporation's journal entry to record the sale of the Ditch Inc. shares in early January the following year for $16,400 less = 186 commission paid on the sale. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit