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Trader Investments completed the following investment transactions during 2024: (Click the icon to view the transactions.) Requirements 1. Journalize the entries for 2024. Explanations
Trader Investments completed the following investment transactions during 2024: (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 Trader's income statement for the year ended December 31, 2024? Requirement 1. Joumalize 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 500 shares of Sysky stock, paying $57 per share. The investment represents 2% ownership in Sysky's voting stock. Trader does not have significant influence over Sysky. Trader intends to hold the investment for the indefinite future. Date Jan, 14 Accounts Debit Credit CON Sylla
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