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Required information The following information applies to the questions displayed below.) Gioia Company acquired some of the 74,000 shares of outstanding common stock (no par)

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Required information The following information applies to the questions displayed below.) Gioia Company acquired some of the 74,000 shares of outstanding common stock (no par) of Tristezza Corporation during the current year as a long-term investment. The annual accounting period for both companies ends December 31. The following transactions occurred during the current year: Jan. 10 Dec. 31 Purchased 19,875 shares of Tristean common stock at $10 per hare. Received the current year financial statements of Tristezza Corporation that reported not income of $3,000. b. Tristeza Corporation declared a cash dividend of $0.6 per share. c. Tristezza Corporation paid the cash dividend declared in (b). d. Determined the market price of Tristeza stock to be 59 per share Required: 2. Prepare the journal entries for each of these transactions. (Round your intermediate percentage answer to 1 decimal place (For example, .129 should be 12.9%). 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 eBook Tristezza Corporation declared a cash dividend of $0.6 per share. Note: Enter debits before credits. Date General Journal Credit Debit 11.925 December 31 Equity in investee earnings Investments Record entry Clear entry View general Journal Journal entry worksheet

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