Top Team Investments completed the following transactions during 2018: Click the icon to view the transactions.) Requirements Journalize Top Team's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Top Team's 30% Neutron investment for the year ended December 31, 2018. Requirement 1. Journalize Top Team's 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 1,200 shares of Neutron stock over Neutron, Top Team intends to hold the investment for the indefinite future. $54 sh The investment represents 30% ownership in Neutron's voting stock and Top Team has significant influence Date Accounts Debit Credit Jan. 14 Aug. 22: Received a cash dividend of S0.81 per share on the Neutron stock. Choose from any list or enter any number in the input fields and then continue to the next question. Top Team Investments completed the following transactions during 2018: Click the icon to view the transactions.) Requirements Journalize Top Team's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Top Team's 30% Neutron investment for the year ended December 31, 2018. Aug. 22: Received cash dividend of $0.81 per share on the Neutron stock Date Accounts Debit Credit Aug. 22 $50 per share. Dec. 31: Neutron's current market value Debit Credit Date Accounts Choose from any list or enter any number in the input fields and then continue to the next question. Top Team Investments completed the following transactions during 2018: Click the icon to view the transactions.) Requirements 1. Journalize Top Team's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Top Team's 30% Neutron investment for the year ended December 31, 2018. S50 per share. Dec. 31: Neutron's current market value Date Accounts Debit Credit Dec. 31 Dec. 31: Neutron reported net income of $150,000 for the year ended 2018. Date Accounts Debit Credit Dec. 3 Choose from any list or enter any number in the input fields and then continue to the next question. Top Team Investments completed the following transactions during 2018: i Click the icon view the transactions.) Requirements e Top Team's transactions. Explanations are not required. 2 Classify lassify and prepare partial financial statements for Top Team's 30% Neutron investment for the year ended December 31, 2018. Requirement 2. Classify and prepare partial financial statements for Top Team's 30 % Neutron investment for the year ended December 31, 2018. Begin by showing the account and amount of any assets that would appear on Top Team's balance sheet as it relates to the Neutron investment at December 31, 2018. (If a box is not used in the financial statement, leave the box empty; do not select a label or enter a zero.) Top Team Investments Balance Sheet (Partial) December 31, 2018 | Current Assets: Long-term Assets: Choose from any list r enter any number in the input fields and then continue to the next question. Top Team Investments completed the following transactions during 2018: iClick the icon to view the transactions.) Requirements 1. Journalize Top Team's transactions. Explanations are not required 2. Classify and prepare partial financial statements for Top Team's 30 % Neutron investment for the year ended December 31, 2018 Long-term Assets Stockholders' Equity Accumulated Other Comprehensive Income: Complete the partial income statement for the year ended December 31, 2018 as it relates to Top Team's Neutron investment. (Use a minus sign or parentheses to enter not used in the financial statement, leave the box empty; do not select a label or enter a zero.) loss. If a box is Top Team Investments Income Statement (Partial) For the Year Ended December 31, 2018 Choose from any list or enter any number n the input fields and then continue to the next question. ? Top Team Investments completed the following transactions during 2018: Click the icon to view the transactions.) Requirements eTop Team's transactions. Explanations are not required. 2. Classify and prepare partial financial statements for Top Team's 30% Neutron investment for the year ended December 31, 2018. Accumulated Other Comprehensive Income: Cop ni eyear ended Dec ta labe Lrelates to Top Team's Neutron investment. (Use a minus sign or parentheses to enter a loss. If a box is enter a zero.) for t tement, leave box empty; not selec Top Team Investments Income Statement (Partial) For the Year Ended December 31, 2018 Other Income and (Expenses) Choose from any list or enter any number in the input fields and then continue to the next question. ? More Info Jan. 14 Purchased 1,200 shares of Neutron stock, paying $54 per share. The investment represents 30 % ownership in Neutron's voting stock and Top Team has significant influence over Neutron. Top Team intends to hold the investment for the indefinite future Aug. 22 Received a cash dividend of $0.81 per share on the Neutron stock Dec. 31 Neutron's current market value is $50 per share 31 Neutron reported net income of $150,000 for the year ended 2018. Print Done