Required information The following information applies to the questions displayed below.) Below are selected T-accounts related to equity investments for William Company, 1/1 Balance Purchase Share of affiliate earnings Investments 83.632 12. 849 2 10.117 Share of affiliatedavidends 12/31 Balance 99, 310 Equity in Investee Earnings O 1/1 Balance 2 Share of affiliate! Barnings 2.946 12/31 Balance Required: 6. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash, b. Prepare the journal entry for the declaration of cash dividends on the investments. c. At year-end, the investments account had a fair value of 563,300 the affiliates also reported $5.840 in net income for the year. Prepare the year-end Journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Required information Required: 2. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash b. Prepare the journal entry for the declaration of cash dividends on the investments c. At year-end, the investments account had a fair value of $63,300: the affiliates also reported $5.840 in net income for the year Prepare the year end journal entry (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record purchase of additional investment in affiliates. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Required: a. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash b. Prepare the journal entry for the declaration of cash dividends on the investments c. At year-end, the investments account had a fair value of $63.300: the affiliates also reported $5,840 in net income for the year Prepare the year end journal entry (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record dividend income. Note: Enter debits before credits. Transaction General Journal Debi Credit b Record entry Clear entry View general Journal Required: a. Prepare the journal entry for the purchase of additional investments in affiliated companies for cash. b. Prepare the journal entry for the declaration of cash dividends on the investments. c. At year-end, the investments account had a falt value of $63,300, the affiliates also reported $5.840 in net income for the year. Prepare the year-end journal entry (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction fist Journal entry worksheet
