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Ertnes for Equity Investments: Less than 20% Ownership The following equity investment transactions were completed by Vintage Company during a recent year: Ap 10. Purchased 11,000 shares of Delew Company's common stock for a price of $60 per share plus a brokerage commission of $220. Delew Company has 250,000 shares of common stock outstanding. My 8. Received a quarterly dividend of $0.85 per share on the Delew Company investment. Sept. 10. Sold 3,000 shares for a price of $54 per share less a brokerage commission of $90. Dec. 31. At the end of the accounting period, the fair value of the remaining 8,000 shares of Delew Company's stock was $59.90 per share Mumalire the entries for these transactions. If an amount box does not require an entry, leave it blank. If required, round the final answers to the nearest dollar. Ar 10- Purchase (vaatments Defen Company Stick V 460.220 July Ovvidend Ch Dec. 31 Check My Wrk ✓ -V 00 000 0 9,350 161910 444,220 1.350 0000

Ertnes for Equity Investments: Less than 20% Ownership The following equity investment transactions were completed by Vintage Company during a recent year: Ap 10. Purchased 11,000 shares of Delew Company's common stock for a price of $60 per share plus a brokerage commission of $220. Delew Company has 250,000 shares of common stock outstanding. My 8. Received a quarterly dividend of $0.85 per share on the Delew Company investment. Sept. 10. Sold 3,000 shares for a price of $54 per share less a brokerage commission of $90. Dec. 31. At the end of the accounting period, the fair value of the remaining 8,000 shares of Delew Company's stock was $59.90 per share Mumalire the entries for these transactions. If an amount box does not require an entry, leave it blank. If required, round the final answers to the nearest dollar. Ar 10- Purchase (vaatments Defen Company Stick V 460.220 July Ovvidend Ch Dec. 31 Check My Wrk ✓ -V 00 000 0 9,350 161910 444,220 1.350 0000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Entries for Equity Investments: Less than 20% Ownership The following equity investment transactions were completed by Vintage Company during a recent year: Apr 10, Purchased 11,000 shares of Delew Company's common stock for a price of $60 per share plus a brokerage commission of $220. Delew Company has 250,000 shares of common stock outstanding. July 8. Received a quarterly dividend of $0.85 per share on the Delew Company investment. Sept. 10. Sold 3,000 shares for a price of $54 per share less a brokerage commission of $90. Dec. 31. At the end of the accounting period, the fair value of the remaining 8,000 shares of Delew Company's stock was $59.90 Jurnalure the entries for these transactions. If an amount box does not require an entry, leave it blank. If required, round the final answers to the nearest dollar. Ar 10-Purchase (vestments Deles Company Stock 660,220 ✔ ✓ July-Dwvidend Sept 10-Sale Dec 31 Check My Wark Lins on Sale of Investments ✓ 80 000 0 ✓ 660.220 ✔ 1.350
Transcribed Image Text:Entries for Equity Investments: Less than 20% Ownership The following equity investment transactions were completed by Vintage Company during a recent year: Apr 10, Purchased 11,000 shares of Delew Company's common stock for a price of $60 per share plus a brokerage commission of $220. Delew Company has 250,000 shares of common stock outstanding. July 8. Received a quarterly dividend of $0.85 per share on the Delew Company investment. Sept. 10. Sold 3,000 shares for a price of $54 per share less a brokerage commission of $90. Dec. 31. At the end of the accounting period, the fair value of the remaining 8,000 shares of Delew Company's stock was $59.90 Jurnalure the entries for these transactions. If an amount box does not require an entry, leave it blank. If required, round the final answers to the nearest dollar. Ar 10-Purchase (vestments Deles Company Stock 660,220 ✔ ✓ July-Dwvidend Sept 10-Sale Dec 31 Check My Wark Lins on Sale of Investments ✓ 80 000 0 ✓ 660.220 ✔ 1.350
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