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Creative Investments completed the following transactions during 2018: O (Click the icon to view the transactions.) Requirements 1. Joumalize Creative's transactions. Explanations are not required.

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Creative Investments completed the following transactions during 2018: O (Click the icon to view the transactions.) Requirements 1. Joumalize Creative's transactions. Explanations are not required. 2. Classity and prepare partial financial statements for Creative's 36% Velocon investment for the year ended December 31, 2018 Requirement 1. Journalize Creative's transactions. Explanations are not required (Record debits fist, then credits. Excude explenations from joumal entries. If no entry is requirend, select "No entry required on the firit ine of the Accounts oolumn and leave the remring oele blark) Jan. 14: Purchased 900 shares of Velcon stock, paying $42 per share. The investment represents 36% ownership in Veloon's voting stook and Creative has signicant influence over Velcon. Creative intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan 14 Incorrect: 0 (0/1) 0/10) Choose from any list or enter any number in the input fields and then dick Check Answer. parts remaining Cear All Check Answer Question He nents completed the following transactions during 2018: on to view the transactions.) Creative's transactions. Explanations are not required. d prepare partial finanaialatatamania lae Ceaakiuala E Velnee in O More Info . Journalize Creative 3, select "No entry red hations from journatentries. In ased 900 shares of Ve Velcon. Creative inten g stock and Creative has sign Jan, 14 Purchased 900 shares of Velcon stock, paying $42 per share. The investment represents 35% ownership in Velcon's voting stock and Creative has significant influence over Velcon. Creative intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.69 per share on the Velcon stock. Dec. 31 Velcon's current market value is $38 per share. Velcon reported net income of $500,000 for the year ended 2018. 31 Print Done any list or enter any number in the input fields and then click Check

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