The beginning talerce about of Munia flource Co. Included a 5600,000 Investment in Entro stock (39% ownership Music has significant influence over Entro). During the year, Muse Source completed the following investment transactions Click the icon to view the transactions) Read the Requirement 1. Joumaize the transactions for the year of Music Source. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry in required, select "No antry roared on the first line of the Accounts and planation column and leave the remaining costank) Mar 3. Purch 6,000 shares at 37 per share of Ju Software common stock as a long-term equity investment, representing ownership, no significant intuence Date Accounts and explanation Debit Credit Mara Equity Investments 85000 Cash 55000 Acustod aquity Investment to market value Debit Credit May 15 Received ash dividend of $0.72 per share on the investment Date Accounts and explanation May 15 Cash Dviced Revenue 3000 3600 Red duty method Dec 18 Received a cash dividend of 6.000 from Entre investment Date Accounts and Explanation Dec 15 Egun invento Credit Debit 22750 22760 Race Guided wity memo Doc. at Hovedro's report showing 100.000 nel come Date Accounts and Englanation Debit Credit Choose from any list or enter any number in the input folds and then continue to the next question The beginning balance sheet of Music Source Co. Included a $600,000 investment in Entro stock (35% ownership, Music has significant influer following investment transactions: (Click the icon to view the transactions.) Read the fequirement received cash avicend (eguny metnice). Dec. 31: Received Entro's annual report showing $100,000 of net income. Date Accounts and Explanation Debit Credit Dec. 31 Equity Investments--Entro 20000 Equity Investments 20000 Adjusted equity investment to market value. Dec. 31: Received JJ's annual report showing $200,000 of net income for the year. Accounts and Explanation Dec. 31 No entry required Date Debit Credit Dec. 31. Entro's stock fair value at year-end was $570,000 Date Accounts and Explanation Dec 31 No entry required Debit Credit Dec. 31: JJ's common stock fair value at year-end was 59 per share Date Debit Credit Dec 31 Accounts and Explanation Fair Value Adjustment Equity Investments Unrealed Holding Gain Equity Investments Choose from any list or enter any number in the input fields and then continue to the next question The beginning balance sheet of Music Source Co, included a $600,000 investment in Entro stock (35% ownership, Ma following investment transactions: (Click the icon to view the transactions.) Read the fequirement Dec. 31: JJ's common stock fair value at year-end was $9 per share. Debit Credit Date Dec. 31 Accounts and Explanation Fair Value Adjustment--Equity Investments Unrealized Holding Gain-Equity Investments Adjusted available-for-sale debt investment to market value. Requirement 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment Equity Investments--Entro Revenue from Investments Beg 600000 22750 May 15 Dec. 31 597250 20000 Bal Equity Investments Dividend Revenue 3600 May 15 Fair Value Adjustment-Equity Investments Doc. 31 Requirement 3. Prepare Music Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. (If select a label or enter a zero.) Music Source, Co. Balance Sheet (Partial) Choose from any list or enter any number in the input fields and then continue to the next question MESH Equity Investments Dividend Revenue 3600 May 15 Fair Value Adjustment Equity Investments Dec 11 Requirement 3. Prepare Music Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2 ( a box is not used in the partial balance sheet, Save the be Select a label or enter a zero) Music Source Co Balance sheet Partial) December 31, 2024 Assets Current Assets Longor Stockholders' Equity No Other Comprehensive Income Requirement. Where is there to gain or sited with the stock reported The main gainos with the wcluded on the income statement in the Choose from any to enter any number in the input fields and then continue to the next Gestion More Info X Mar. 3 May 15 balanc Dec. 15 ca Purchased 5,000 shares at $7 per share of JJ Software common stock as a long- term equity investment, representing 6% ownership, no significant influence. Received a cash dividend of $0.72 per share on the JJ investment. Received a cash dividend of $65,000 from Entro investment. Received Entro's annual report showing $100,000 of net income. Received JJ's annual report showing $200,000 of net income for the year. Entro's stock fair value at year-end was $570,000, JJ's common stock fair value at year-end was $9 per share. Dec. 31 Dec. 31 art 202 Dec. 31 Dec. 31 Print Done Equity i Requirements X F 1. Journalize the transactions for the year of Music Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. 3. Prepare Music Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the JJ stock reported? Print Done The beginning talerce about of Munia flource Co. Included a 5600,000 Investment in Entro stock (39% ownership Music has significant influence over Entro). During the year, Muse Source completed the following investment transactions Click the icon to view the transactions) Read the Requirement 1. Joumaize the transactions for the year of Music Source. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry in required, select "No antry roared on the first line of the Accounts and planation column and leave the remaining costank) Mar 3. Purch 6,000 shares at 37 per share of Ju Software common stock as a long-term equity investment, representing ownership, no significant intuence Date Accounts and explanation Debit Credit Mara Equity Investments 85000 Cash 55000 Acustod aquity Investment to market value Debit Credit May 15 Received ash dividend of $0.72 per share on the investment Date Accounts and explanation May 15 Cash Dviced Revenue 3000 3600 Red duty method Dec 18 Received a cash dividend of 6.000 from Entre investment Date Accounts and Explanation Dec 15 Egun invento Credit Debit 22750 22760 Race Guided wity memo Doc. at Hovedro's report showing 100.000 nel come Date Accounts and Englanation Debit Credit Choose from any list or enter any number in the input folds and then continue to the next question The beginning balance sheet of Music Source Co. Included a $600,000 investment in Entro stock (35% ownership, Music has significant influer following investment transactions: (Click the icon to view the transactions.) Read the fequirement received cash avicend (eguny metnice). Dec. 31: Received Entro's annual report showing $100,000 of net income. Date Accounts and Explanation Debit Credit Dec. 31 Equity Investments--Entro 20000 Equity Investments 20000 Adjusted equity investment to market value. Dec. 31: Received JJ's annual report showing $200,000 of net income for the year. Accounts and Explanation Dec. 31 No entry required Date Debit Credit Dec. 31. Entro's stock fair value at year-end was $570,000 Date Accounts and Explanation Dec 31 No entry required Debit Credit Dec. 31: JJ's common stock fair value at year-end was 59 per share Date Debit Credit Dec 31 Accounts and Explanation Fair Value Adjustment Equity Investments Unrealed Holding Gain Equity Investments Choose from any list or enter any number in the input fields and then continue to the next question The beginning balance sheet of Music Source Co, included a $600,000 investment in Entro stock (35% ownership, Ma following investment transactions: (Click the icon to view the transactions.) Read the fequirement Dec. 31: JJ's common stock fair value at year-end was $9 per share. Debit Credit Date Dec. 31 Accounts and Explanation Fair Value Adjustment--Equity Investments Unrealized Holding Gain-Equity Investments Adjusted available-for-sale debt investment to market value. Requirement 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment Equity Investments--Entro Revenue from Investments Beg 600000 22750 May 15 Dec. 31 597250 20000 Bal Equity Investments Dividend Revenue 3600 May 15 Fair Value Adjustment-Equity Investments Doc. 31 Requirement 3. Prepare Music Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. (If select a label or enter a zero.) Music Source, Co. Balance Sheet (Partial) Choose from any list or enter any number in the input fields and then continue to the next question MESH Equity Investments Dividend Revenue 3600 May 15 Fair Value Adjustment Equity Investments Dec 11 Requirement 3. Prepare Music Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2 ( a box is not used in the partial balance sheet, Save the be Select a label or enter a zero) Music Source Co Balance sheet Partial) December 31, 2024 Assets Current Assets Longor Stockholders' Equity No Other Comprehensive Income Requirement. Where is there to gain or sited with the stock reported The main gainos with the wcluded on the income statement in the Choose from any to enter any number in the input fields and then continue to the next Gestion More Info X Mar. 3 May 15 balanc Dec. 15 ca Purchased 5,000 shares at $7 per share of JJ Software common stock as a long- term equity investment, representing 6% ownership, no significant influence. Received a cash dividend of $0.72 per share on the JJ investment. Received a cash dividend of $65,000 from Entro investment. Received Entro's annual report showing $100,000 of net income. Received JJ's annual report showing $200,000 of net income for the year. Entro's stock fair value at year-end was $570,000, JJ's common stock fair value at year-end was $9 per share. Dec. 31 Dec. 31 art 202 Dec. 31 Dec. 31 Print Done Equity i Requirements X F 1. Journalize the transactions for the year of Music Source. 2. Post transactions to T-accounts to determine the December 31, 2024, balances related to the investment and investment income accounts. 3. Prepare Music Source's partial balance sheet at December 31, 2024, from your answers in Requirement 2. 4. Where is the unrealized holding gain or loss associated with the JJ stock reported? Print Done