Top Team Investments completed the following investment transactions during 2024: i (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2024. Explanations are not required 2. What account(s) and amount(s), if any, would be reported on Top Team's income statement for the year ended December 31, 2024? -.. Requirement 1. Journalize the entries for 2024. 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 800 shares of Voltexar stock, paying $45 per share. The investment represents 4% ownership in Voltexar's voting stock. Top Team does not have significant influence over Voltexar. Top Team intends to hold the investment for the indefinite future Date Accounts Debit Credit More info Jan. 14 Equity InvestmentsVoltexar 36,000 Cash 36,000 Jan. 14 Purchased 800 shares of Voltexar stock, paying $45 per share. The investment represents 4% ownership in Voltexar's voting stock. Top Team does not have significant influence over Voltexar. Top Team intends to hold the investment for the indefinite future. Aug. 22: Received a cash dividend of $0.49 per share on the Voltexar stock. Aug. 22 Received a cash dividend of $0.49 per share on the Voltexar stock. Date Accounts Debit Credit Dec. 31 Adjusted the Voltexar investment to its current market value of $48. Aug. 22 Cash 392 Dividend Revenue 392 Print Done Dec. 31: Adjusted the Voltexar investment to its current market value of $48. Date Accounts Debit Credit Dec. 31 2,400 Fair Value Adjustment-Equity Investments Unrealized Holding GainEquity Investments 2,400 Requirement 2. What account(s) and amount(s), if any, would be reported on Top Team's income statement for the year ended December 31, 2024? (Use parentheses or a minus sign for a loss.) Top Team Investments Income Statement (Partial) For the Year Ended December 31, 2024 Other Income and (Expenses)
