Suppose Calgon Corp. completed the following investment transactions in 2020 and 2021: 2020 Nov. 6 Purchased 2,200 McCord Corporation common shares for $72,600. Calgon plans to sell the shares in the near future to meet its operating cash flow requirements. Brokerage commissions on the purchase were $800. 30 Received a quarterly cash dividend of $3.00 per share on the McCord Corporation shares. Dec 31 Current fair value of the McCord common shares is $77,000. This is year-end for Calgon Corp 2021 Jan. 20 Sold the McCord Corporation shares for $79,000, less brokerage commissions on the sale of $930. Required Requirement 1. Make the entries to record Calgon Corp.'s investment transactions. November 6, 2020. Purchased 2,200 McCord Corporation common shares for $72,600. Calgon plans to sell the shares in the near future to meet its operating cash flow requirements. Brokerage commissions on the purchase were $800. (Record debits first, then credits. Exclude explanations from journal entries.) X Journal Entry Requirements Date Accounts Debit Credit 2020 Nov. 6 1. Make the entries to record Calgon Corp.'s investment transactions 2. Show how Calgon Corp. would report its investment in the McCord Corporation shares on the balance sheet at December 31, 2020 Choose from any list or enter any number in the input fields and then click Check Answer. Print Aqvar o Windows Done sse Configuraes para ativar im wer parts remaining Clear