Rowan Co purchases 200 common shares (40%) of JBI Corp. as a long term investment for $600,000 cash on July 1. JBI Corp paid $12.500 in total cash dividends on November 1 and reported net income of $250,000 for the year. (1) - (3) Prepare Rowan's entries to record the purchase of JBI shares, the receipt of its share of JBI dividends and the December 31 year-end adjustment for its share of JBI net income Journal entry worksheet Record the receipt of the dividend. Note: Enter debits before credits. Date General Journal Debit Credit Nov 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet