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Tampa Today Publishers completed the following investment transactions during 2024 and 2025 (Click the icon to view the transactions.) Requirements 1. Joumalize Tampa Today's investment
Tampa Today Publishers completed the following investment transactions during 2024 and 2025 (Click the icon to view the transactions.) Requirements 1. Joumalize Tampa Today's investment transactions. Explanations are not required. 2. On December 31, 2024, how would the Fully stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Tampa'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, 2024: Purchased 950 shares of Fully stock at a price of $23.00 per share, intending to sell the investment next month. Tampa did not have significant influence over Fully Date 2024 Dec 6 Accounts Debit Credit Dec. 6, 2024 Dec. 23, 2024 Dec. 31, 2024 Jan. 27, 2025 Purchased 950 shares of Fully stock at a price of $23.00 per share, intending to sell the investment next month. Tampa did not have significant influence over Fully. Received a cash dividend of $1.70 per share on the Fully stock. Adjusted the investment to its market value of $19.00 per share. Sold the Fully stock for $19.80 per share
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