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Requirement 1. Journalize Collard's investment transactions. Explanations are not required. (Record debits first, then credits. Select the explanation on the last line of the journal
Requirement 1. Journalize Collard's investment transactions. Explanations are not required. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select 'No entry required on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Begin by journalizing Collard's investment on January 5, 2018. Requirements Credit Date 2018 Jan. 5 Accounts and Explanation Debit Journalize Collard's investment transactions. Explanations are not required Prepare a partial balance sheet for Colard's Vince investment as of December 31, 2018 Prepare a comprehensive income statement for Collard Investments for year ended December 31, 2018. Assume net income was $340,000. 1. 2. 3. Print Done Next, journalize the receipt of cash interest on June 30, 2018 Date 2018 Jun. 30 Accounts and Explanation Debit
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