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Top Team Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Top Team's
Top Team Investments completed the following investment transactions during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Top Team's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from joumal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan, 14: Purchased 400 shares of Technomite stock, paying $51 per share. The investment represents 2% ownership in Technomite's voting stock. Top Team does not have significant influence over Technomite. Top Team intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 i More Info Jan. 14 Purchased 400 shares of Technomite stock, paying $51 per share. The investment represents 2% ownership in Technomile's voting stock. Top Team does not have significant influence over Technomite. Top Team intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.21 per share on the Technomite stock. Dec. 31 Adjusted the investment to its current market value of S46 per share. 31 Technomite reported net income of $420,000 for the year ended 2018 i Requirements Print Done 1. Journalize Top Team's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Top Team's Technorite investment as of December 31, 2018 3. Prepare a partial income statement for Top Team Investments for year ended December 31, 2018. hafar
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