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Seattle Today Publishers completed the following investment transactions during 2018 and 2019: i (Click the icon to view the transactions.) Requirements 1. Journalize Seattle Today's
Seattle Today Publishers completed the following investment transactions during 2018 and 2019: i (Click the icon to view the transactions.) Requirements 1. Journalize Seattle Today's investment transactions. Explanations are not required. 2. On December 31, 2018, how would the Fully stock be classified and at what value would it be reported or the balance sheet? Requirement 1. Journalize Seattle's investment transactions. 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.) Dec. 6, 2018: Purchased 1,500 shares of Fully stock at a price of $33.00 per share, intending to sell the investment next month. Seattle did not have significant influence over Fully. 2018 Dec. 6 Purchased 1,500 shares of Fully stock at a price of $33.00 per share, intending to sell the investment next month. Seattle did not have significant influence over Fully. 23 Received a cash dividend of $1.20 per share on the Fully stock. 31 Adjusted the investment to its market value of $22.00 per share. 2019 Jan. 27 Sold the Fully stock for $23.60 per share
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