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The following events are for Toronto Investment inc.: 2623 Jan. 14 Purchased 18, 169 shares of Quatro Inc. conon shares for $160,960 (including transaction fees
The following events are for Toronto Investment inc.: 2623 Jan. 14 Purchased 18, 169 shares of Quatro Inc. conon shares for $160,960 (including transaction fees of $50 ). Quatro has 99 , 800 comon stares outstanding and has acknomledged the fact that its policies will be significantly influenced by Toronto. Dct. 1 Quatro declared and paid a cash dividend of $3,00 per share. Dec. 31 Quatro announced that profit for the year anounted to $654,000. 2024 April 1 Quatro declared and paid a cash dividend of $3.10 per share. Dec. 31 Quatro announced that profit for the year anounted to $737,100. 31 Toronto sold 5,490 shares of Quatro for $106,328. Required: Prepare general joutnal entries to record each transaction. (Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar.) Required: Prepare general journal entries to record each transaction. (Round per shore calculations to 2 decimal places. Round your final onswers to the nearest dollor.) Journal entry worksheet
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