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Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y5, were as follows: 1. Journalize the selected transactions. If no
Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y5, were as follows:
1. Journalize the selected transactions.
If no entry is required, select "No entry required" from the dropdown. If an amount box does not require an entry, leave it blank.
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Interest Receivable 1,125 Interest Revenue 1,125 r. Pinkberry Co. reported total earnings of $240,000. Equinox Products recorded its share of Pinkberry Co. net income using the equity method. Description Debit Credit Investment in Pinkberry Co. Stock 76,800 Income from Pinkberry Co. 76,800 s. The Solstice Corp. bonds have a fair value of $253,630 on December 31, 2045. Valuation Allowance for Available- for Sale Investments had a balance of zero on January 1, 2045. Description Debit Credit Unrealized Gain (Loss) on Available-for-Sale Investments X X Valuation Allowance for Available-for-Sale Investments Interest Receivable 1,125 Interest Revenue 1,125 r. Pinkberry Co. reported total earnings of $240,000. Equinox Products recorded its share of Pinkberry Co. net income using the equity method. Description Debit Credit Investment in Pinkberry Co. Stock 76,800 Income from Pinkberry Co. 76,800 s. The Solstice Corp. bonds have a fair value of $253,630 on December 31, 2045. Valuation Allowance for Available- for Sale Investments had a balance of zero on January 1, 2045. Description Debit Credit Unrealized Gain (Loss) on Available-for-Sale Investments X X Valuation Allowance for Available-for-Sale InvestmentsStep by Step Solution
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