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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. Journalize Tampa Today's
Tampa Today Publishers completed the following investment transactions during 2024 and 2025: (Click the icon to view the transactions.) Requirements 1. Journalize Tampa Today's investment transactions. Explanations are not required. 2. On December 31, 2024, how would the Beautiful 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 1,000 shares of Beautiful stock at a price of $16.00 per share, intending to sell the investment next month. Tampa did not have significant influence over Beautiful. Date Accounts 2024 Dec. 6 Equity Investments-Beautiful Cash Dec. 23, 2024: Received a cash dividend of $1.80 per share on the Beautiful stock. Date 2024 Dec. 23 Cash Dividend Revenue Accounts Debit Credit More info 16,000 16,000 Dec. 6, 2024 Dec. 23, 2024 Dec. 31, 2024 Debit Credit Jan. 27, 2025 1,800 1,800 Purchased 1,000 shares of Beautiful stock at a price of $16.00 per share, intending to sell the investment next month. Tampa did not have significant influence over Beautiful. Received a cash dividend of $1.80 per share on the Beautiful stock. Adjusted the investment to its market value of $15.00 per share. Sold the Beautiful stock for $15.90 per share. Print Done
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