Journalizing equity investment transactions; less than 20% ownershipThe following equity investment transactions were completed by Vintage Company during a recent year:DateTransactionApr. 10.Purchased 11,000 shares of Delew Companys common stock for a price of $50 per share. Delew Company has 250,000 shares of common stock outstanding.July 8.Received a quarterly dividend of $0.80 per share on the Delew Company investment.Sept. 10.Sold 4,000 shares for a price of $45 per share.Dec. 31.At the end of the accounting period, the fair value of the remaining 7,000 shares of Delew Companys stock was $47 per share.Journalize the entries for these transactions. If an amount box does not require an entry, leave it blank.DateAccountDebitCreditApr. 10July 8Sept. 10Dec. 31
Journalizing equity investment transactions; less than 20% ownershipThe following equity investment transactions were completed by Vintage Company during a recent year:DateTransactionApr. 10.Purchased 11,000 shares of Delew Companys common stock for a price of $50 per share. Delew Company has 250,000 shares of common stock outstanding.July 8.Received a quarterly dividend of $0.80 per share on the Delew Company investment.Sept. 10.Sold 4,000 shares for a price of $45 per share.Dec. 31.At the end of the accounting period, the fair value of the remaining 7,000 shares of Delew Companys stock was $47 per share.Journalize the entries for these transactions. If an amount box does not require an entry, leave it blank.DateAccountDebitCreditApr. 10July 8Sept. 10Dec. 31
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