Ivanhoe Inc. had the following transactions pertaining to investments in common stock Purchased 2,700 shares of Escalante Corporation common stock (6%) for $164, 160 cash Received a cash dividend of $2 per share. Sold 540 shares of Escalante Corporation common stock for $34,560 cash Received a cash dividend of $2 per share. Jan. 1 July 1 Dec 1 Dec 31 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit > > Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry for the account titles and enter for the amounts) Date Credit Debit Account Titles and Explanation Current Attempt in Progress The following are two independent situations. 1 Blossom Cosmetics acquired 10% of the 100,000 shares of common stock of Nevins Fashion at a total cost of $10 per share on March 18, 2020. On June 30. Nevins declared and paid a $40,000 dividend. On December 31, Nevins reported net income of $110,000 for the year, At December 31, the market price of Nevins Fashion was 512 per share. Nash Inc., obtained significant influence over Rogan Corporation by buying 30% of Rogan's 20.000 outstanding shares of common stock at a total cost of $5 per share on January 1, 2020 on June 15, Rogan declared and paid a cash dividend of $20,000. On December 31, Rogan reported a net income of $70.000 for the year. 2 Prepare all the necessary journal entries for 2020 for (a) Blossom Cosmetics and (b) Nash, Inc. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (a) Date Prepare all the necessary journal entries for 2020 for (a) Blossom Cosmetics and (b) Nash, Inc. (Credit occount tleles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. I no entry is required select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit (a) (b) (9) >
