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The beginning balance sheet of Book Source Co. included a $700,000 investment in Entro stock (35% ownership, Book has significant influence over Entro). During the

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The beginning balance sheet of Book Source Co. included a $700,000 investment in Entro stock (35\% ownership, Book has significant influence over Entro). During the year, Book Source completed the following investment transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions for the year of Book Source. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Mar. 3: Purchased 9,000 shares at $8 per share of Rast Software common stock as a long-term equity investment, representing 3% ownership, no significant influence. More info

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