Requirements 1. Journalize the entries for 2024. Explanations are not required. 2. What account(s) and amount(s), if any, would be reported on Dollar Bill's income statement for the year ended December 31, 2024? Requirement 1. Journalize the entries for 2024. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 1,400 shares of Tycon stock, paying $58 per share. The investment represents 4% ownership in Tycon's voting stock. Dollar Bill does not have significant influence over Tycon Dollar Bill intends to hold the investment for the indefinite future. Date Accounts Debit Credit More Info Jan. 14 Jan. 14 Purchased 1,400 shares of Tycon stock, paying $58 per share. The investment represents 4% ownership in Tycon's voting stock. Dollar Bill does not have significant influence over Tycon. Dollar Bill intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.67 per share on the Tycon stock. Dec. 31 Adjusted the Tycon investment to its current market value of $59. Print Done