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The following events are for Toronto Investment Inc.: 2 0 2 3 Jan. 1 4 Purchased 1 8 , 1 2 0 shares of Quatro
The following events are for Toronto Investment Inc.:
Jan. Purchased shares of Quatro Inc. common shares for $including transaction fees of $ Quatro has common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Toronto.
Oct. Quatro declared and paid a cash dividend of $ per share.
Dec. Quatro announced that profit for the year amounted to $
April Quatro declared and paid a cash dividend of $ per share.
Dec. Quatro announced that profit for the year amounted to $
Toronto sold shares of Quatro for $
Required:
Prepare general journal entries to record each transaction. Round per share calculations to decimal places. Round your final answers to the nearest dollar.
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