jan 14 purchased 500 shares of microscope stock, paying $54 per share. the investment represents 2% ownership in microscope's voting stock. creative intends to hold the investment for the indefinite future. Aug 22 received a cash dividend of $0.30 per share on the microscope stock. Dec 31 adjusted the investment to its current market value of $52 per share. Dec 31 Microscope reported net income of $200,00 for the year ended 2014. Journalize this problem.

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Date Accounts Title Explanation Debit Credit Jan 14 Investment 5005... View the full answer