this is only 1 question , i add all the pictures of entries which needed to done
The balance sheet of Steward Developments Corp. at the start of the year included these balances: Short-term investments 270.000 Investments in significantly influenced and other companies 3.000.000 Assume the company completed the following investment transactions during 2020: (Click the icon to view list of transactions.) Required Exc Requirement 1. Record the transactions in the general joumat of Steward Developments Corp. Mar. 3. Purchased 9,000 common shares as a short-term investment, paying $29.50 per share, plus brokerage commission of $750 (Record debits first then explanations from Journal entries.) Journal Entry Date Accounts Debit Credit Mar 3 Mar. 4. Purchased additional shares in a company that is significantly influenced by Steward Developments Corp. at a cost of $20,000, plus brokerage commission of $5.700 the next question i thel Required sa rd debits f 1. Record the transactions in the general journal of Steward Developments Corp. 2. Post entries to the Investments in Significantly influenced and Other Companies T-account, and determine its balance at December 31, 2020. 3. Post entries to the Short-Term Investments T-account and determine its balance at December 31, 2020. 4. Assuming the market value of the short-term investment portfolio is $550,000 at December 31, 2020, show how Steward Corp. would report short-term investments and investments in significantly influenced and other companies on the December 31, 2020, balance sheet. Print mpa brokerage Done on Mar. 4. Purchased additional shares in a company that is significantly influenced by Steward Development Corp. at a cost of $20.000 second 5700 Journal Entry Date Accounts Debit Credit Mar 4 May 14. Received semi-annual cash dividend of $2.60 per share on the short-term investment purchased March 3 Choose from any list or enter any number in the input fields and then continue to the next question May 14. Received semi-annual cash dividend of $2.60 per share on the short-term investment purchased March 3, Journal Entry Date Accounts Debit Credit May 14 Jun. 15. Received cash dividend of $70,000 from a significantly influenced company, Journal Entry Date Accounts Debit Credit Jun. 15 Aug. 28. Sold the short-term investment (purchased on March 3) for $27.00 per share, less brokerage commission of $500 Journal Entry Date Accounts Debit Credit Aug. 28 Oct. 24. Purchased other short-term investments for $335,000, plus brokerage commission of 5425. Journal Entry Date Accounts Debit Credit Oct. 24 Dec. 15. Received a cash dividend of $55,000 from a significantly influenced company. Journal Entry Date Accounts Debit Credit Dec. 15 Dec. 31. Received annual reports from significantly influenced companies. Their total net income for the year was $100.000 of the wordt, wat Dements Compopo is 35 percent Journal Entry Date Accounts Debit Credit Dec 31 Requirement 2. Post entries to the investments in Significantly influenced and Other Companies T-account, and determine is balance at December 31, 2020. (Lewe wysed blank.) Investments in Significantly influenced and Other Companies Term investments T-account and determine Requirement 3. Assume the beginning balance of Short-Torm trivestment was a cost of $270,000. Post entries to the Short-Temesters Taccount and totam aware at December 31, 2020. (Leave any unused cells blank.) Short-Term Investments 2029, show how Sing Development Corp, would report short-term Requirement 4. Assuming the market value of the short-term investment portfolio is $550.000 at December 31, 2020, show how Swward Dements on would report that investments and investments in significantly influenced and other companies on the December 31, 2020, balance sheet Steward Developments Corp. Balance Sheet (partial) December 31, 2020 Current Assets Cash 5XXX Short-term investments, at fait value Accounts receivable (not) XXX XXX Total current assets the input fields and then continue to the next question The balance sheet of Steward Developments Corp. at the start of the year included these balances: Short-term investments 270.000 Investments in significantly influenced and other companies 3.000.000 Assume the company completed the following investment transactions during 2020: (Click the icon to view list of transactions.) Required Exc Requirement 1. Record the transactions in the general joumat of Steward Developments Corp. Mar. 3. Purchased 9,000 common shares as a short-term investment, paying $29.50 per share, plus brokerage commission of $750 (Record debits first then explanations from Journal entries.) Journal Entry Date Accounts Debit Credit Mar 3 Mar. 4. Purchased additional shares in a company that is significantly influenced by Steward Developments Corp. at a cost of $20,000, plus brokerage commission of $5.700 the next question i thel Required sa rd debits f 1. Record the transactions in the general journal of Steward Developments Corp. 2. Post entries to the Investments in Significantly influenced and Other Companies T-account, and determine its balance at December 31, 2020. 3. Post entries to the Short-Term Investments T-account and determine its balance at December 31, 2020. 4. Assuming the market value of the short-term investment portfolio is $550,000 at December 31, 2020, show how Steward Corp. would report short-term investments and investments in significantly influenced and other companies on the December 31, 2020, balance sheet. Print mpa brokerage Done on Mar. 4. Purchased additional shares in a company that is significantly influenced by Steward Development Corp. at a cost of $20.000 second 5700 Journal Entry Date Accounts Debit Credit Mar 4 May 14. Received semi-annual cash dividend of $2.60 per share on the short-term investment purchased March 3 Choose from any list or enter any number in the input fields and then continue to the next question May 14. Received semi-annual cash dividend of $2.60 per share on the short-term investment purchased March 3, Journal Entry Date Accounts Debit Credit May 14 Jun. 15. Received cash dividend of $70,000 from a significantly influenced company, Journal Entry Date Accounts Debit Credit Jun. 15 Aug. 28. Sold the short-term investment (purchased on March 3) for $27.00 per share, less brokerage commission of $500 Journal Entry Date Accounts Debit Credit Aug. 28 Oct. 24. Purchased other short-term investments for $335,000, plus brokerage commission of 5425. Journal Entry Date Accounts Debit Credit Oct. 24 Dec. 15. Received a cash dividend of $55,000 from a significantly influenced company. Journal Entry Date Accounts Debit Credit Dec. 15 Dec. 31. Received annual reports from significantly influenced companies. Their total net income for the year was $100.000 of the wordt, wat Dements Compopo is 35 percent Journal Entry Date Accounts Debit Credit Dec 31 Requirement 2. Post entries to the investments in Significantly influenced and Other Companies T-account, and determine is balance at December 31, 2020. (Lewe wysed blank.) Investments in Significantly influenced and Other Companies Term investments T-account and determine Requirement 3. Assume the beginning balance of Short-Torm trivestment was a cost of $270,000. Post entries to the Short-Temesters Taccount and totam aware at December 31, 2020. (Leave any unused cells blank.) Short-Term Investments 2029, show how Sing Development Corp, would report short-term Requirement 4. Assuming the market value of the short-term investment portfolio is $550.000 at December 31, 2020, show how Swward Dements on would report that investments and investments in significantly influenced and other companies on the December 31, 2020, balance sheet Steward Developments Corp. Balance Sheet (partial) December 31, 2020 Current Assets Cash 5XXX Short-term investments, at fait value Accounts receivable (not) XXX XXX Total current assets the input fields and then continue to the next
