QZ Appendix Di 1 Part 1 of 2 01:54:30 Required information [The following information applies to the questions displayed below.] The following information pertains to Rossow Corporation and its investee Reimer Company: a. Rossow purchased 1,300 shares of Reimer on July 12, 2021, for $18,200; b. Reimer reported $49,000 net income on December 31, 2021; c. Reimer's stock price was $21 on December 31, 2021; d. Reimer declared and paid a $3 per share cash dividend on May 1, 2022; e. Reimer reported $49,000 net income on December 31, 2022; and f. Reimer's stock price was $15 on December 31, 2022. Required: 1. Prepare journal entries to record the facts in the case, assuming Rossow owns less than 10 percent of Reimer's stock. (If no required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet

Required information [The following information applies to the questions displayed below] The following information pertains to Rossow Corporation and its investee Reimer Company: a. Rossow purchased 1,300 shares of Reimer on July 12,2021 , for $18,200; b. Reimer reported $49,000 net income on December 31,2021 ; c. Reimer's stock price was $21 on December 31 , 2021; d. Reimer declared and paid a $3 per share cash dividend on May 1, 2022; e. Reimer reported $49,000 net income on December 31, 2022; and f. Reimer's stock price was $15 on December 31,2022. required: 1. Prepare joumal entries to record the facts in the case, assuming Rossow owns less than 10 percent of Reimer's stock. (If no required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet B C D E F Record the purchase of 1,300 shares of Reimer Company for $18,200. The company reports the purchase as marketable equity securities Note: Enter debits before credits