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This Question: 4 pts 10 of 31 (0 complete) Branson Today Publishers completed the following investment transactions during 2018 and 2019. Click the icon to
This Question: 4 pts 10 of 31 (0 complete) Branson Today Publishers completed the following investment transactions during 2018 and 2019. Click the icon to view the transaction) Requirements 1. Journalize Branson Today's investment transactions. Explanations are not required 2. On December 31, 2018, how would the Wonderful stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Branson's investment transactions. Explanations are not required (Record debits first, then credits. Exclude explanations from joumal entries. If no antry is required, select "No entry required on the first line of the Accounts column and leave the remaining cells blank.) Dec 6. 2018: Purchased 1,500 shares of Wonderful stock at a price of $25.00 per share, Intending to sell the Investment next month. Branson did not have significant influence over Wonderful Date Accounts Debit Credit 2018 Dec. 6 - X i More Info Dec 23, 2018 Received a cash dividend of $1.80 per share on the Wonderful stock Purchased 1,500 shares of Wonderful stock at a price of $25.00 per shara, intending to sell the investment next month Branson did not have significant influence over Wonderful Received a cash dividend of 51.80 per share on the Wonderful stock. Adjusted the investment to its market value of $18.00 per share Sold the Wonderful stock for $23.10 per share $ Date Accounts Debit Dec. 6, 2018 Dec. 23, 2018 Dec 31, 2018 Jan 27, 2019 Credit 2018 Dec 23 III Print Done Dec 31, 2018. Adjusted the investment to its market value of $18.00 per share Date Accounts Dahit Credit 2018 Dec 31 Jan. 27. 2019: Sold the Wonderful stock for 323.10 per share Date Accounts Debit Credit 2019 Jan 27 Requirement 2. On December 31, 2018, how would the Wonderful stock be classified and at what value would it be reported on the balance sheet? The Wonderful stock would be classified as a on the December 31, 2018, balance sheet
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