Will someone assistant me as soon as possible with this accounting problem? Thank you :)
Dollar Bill Investments completed the following transactions during 2018: Requirement 1. Journalize Dollar Bill'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 moraining cells blank.) Jan. 14: Purchased 200 shares of Microscape stock, paying $43 per share. The investment represents 45% ownership in Microscape's voting stock and Dollar Bill has significant influence over Microscape. Dolar Bill intends to hold the investrisnt for the indefinite future, Date Accounts Debit Credit Jan. 14 Aug 22: Received a cash dividend of S0.78 per share on the Microscape stock More Info Date Accounts Debit Credit Aug. 22 Purchased 300 shares at Microscape stock paying $13 pershare, The 45 Dollar Bill has significant influence over Microscope. Dollar Bill intends to Jan. 14 hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.78 per share on the Microscape stock. Dec. 31 Microscape's current market value of S42 per shers. Dec. 31 Microecape reported net income of $350,000 for the year ended 2018. Dec. 31: Microscape's current market value is $12 per share. Date Accounts Debit Credit Dec 31 Print Done Dec 31: Microscace reported nat income of $350 000 for the year ended 2010 Date Accounts Debit Credit Dec. 31 Requirement 2. Classify and prepare partial financ al statements for Doller Bil's 45% Microscape investment for the year ended December 31, 2018. Begin by showing the account and amount of any assets that would appear on Dolar Bill's balance sheet as it relates to the Microscape investment en 11/01) December 31, 2018. (If a box is not used in the financial statement, leave the box emoty, do not select a label or Dollar Bill Investments Balance Sheet (Partial) December 31, 2018 Current Assets Long-term Assets: Stockholders' Equity Accumulated Other Comprehensive Income: Complete the partial income statement for the year ended December 31, 2018 at relates to Dollar Bill's Microscope investment. (Use a minus sign or parentheses to enter a loes. If a box is not used in the financial statement leave the box empty: do not select a label or enter a zero.) Complete the partial income statement for the year ended December 31, 2018 as it relates to Dollar Bill's Microscape investment. (Use a minus sign or parentheses to enter a loss. If a box is not used in the financial statement, leave the box empty; do not select a label or enter a zero.) Dollar Bill Investments Income Statement (Partial) For the Year Ended December 31, 2018 Other Income and (Expenses)
