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Top Team investments completed the following investment transactions during 2024 (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Top Team's

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Top Team investments completed the following investment transactions during 2024 (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 journal 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 Neutron stock, paying $57 per share. The investment represents 3% ownership in Neutron's voting stock. Top Team does not have significant influence over Neutron. Top Team intends to hold the investment for the indefinite future. More info Jan. 14 Purchased 400 shares of Neutron stock paying $57 per share. The investment represents 3% ownership in Neutron's voting stock. Top Team does not have significant influence over Neutron. Top Tearm intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.49 per share on the Neutron stock. Dec. 31 Adjusted the investment to its current market value of $56 per share Dec. 31 Neutron reported net income of $180.000 for the year ended 2024 . Requirements 1. Journalize Top Team's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Top Team's Neutron investment as of December 31, 2024. 3. Prepare a partial income statement for Top Team Investments for year ended December 31, 2024

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