Accounting for Investments Using the Equity Method Maplewood Inc, completed the following four transactions in the...

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Accounting for Investments Using the Equity Method Maplewood Inc, completed the following four transactions in the current year for its investments accounted for using the equity method 1. Purchased 10,000 shares of Hribar common stock at $10 cash per share. These shares reflect 30% ownership of Hribar, 2. Received a $2 per share cash dividend on Hribar common stock 3. Made an adjustment to reflect $200,000 income reported by Hribar 4. Sold all 10,000 shares of Hribar common stock for $180,000 Required Show the effects (amount and account) relating to the four transactions in the financial statement effects template Noncash Assets Note: For each account category, indicate the appropriate account name Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Transaction (1) Purchased Hribar shares Cash Asset Income Statement Contrib Liabilities 0 Capital + Earned Capital Revenues Expenses Net Income N/A NA + 2) Receved cash dividend (3) Made an adjustment to reflect income reported by Hribar (4) Sold all Hribar shares 0 # N/A N/A 0 0 : NA N/A 0 N/A NA Maplewood Inc.. completed the following four transactions in the current year for its investments accounted for using the equity method 1. Purchased 10,000 shares of Hribar common stock at $10 cash per share. These shares reflect 30% ownership of Hribar. 2. Received a $2 per share cash dividend on Hribar common stock. 3. Made an adjustment to reflect $200,000 income reported by Hribar 4. Sold all 10,000 shares of Hribar common stock for $180,000 Required Show the effects (amount and account) relating to the four transactions in the financial statement effects template Note: For each account category, indicate the appropriate account name: Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Cash Transaction Asset (1) Purchased Hribar shares 2) Received cash dividend (3) Made an adjustment to reflect income reported by Hribar (4) Sold all Hribar shares Income Statement Noncash Assets Contrib Liabilities Capital Earned Capital Revenues Expenses Net Income N/A N/A Cash 0 Investments - N/A N/A Retained earnings 0 Investment income N/A N/A Gain on sale a Loss on sale . N/A N/A Unrealized gain NA Accounting for Investments Using the Equity Method Maplewood Inc, completed the following four transactions in the current year for its investments accounted for using the equity method 1. Purchased 10,000 shares of Hribar common stock at $10 cash per share. These shares reflect 30% ownership of Hribar, 2. Received a $2 per share cash dividend on Hribar common stock 3. Made an adjustment to reflect $200,000 income reported by Hribar 4. Sold all 10,000 shares of Hribar common stock for $180,000 Required Show the effects (amount and account) relating to the four transactions in the financial statement effects template Noncash Assets Note: For each account category, indicate the appropriate account name Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Transaction (1) Purchased Hribar shares Cash Asset Income Statement Contrib Liabilities 0 Capital + Earned Capital Revenues Expenses Net Income N/A NA + 2) Receved cash dividend (3) Made an adjustment to reflect income reported by Hribar (4) Sold all Hribar shares 0 # N/A N/A 0 0 : NA N/A 0 N/A NA Maplewood Inc.. completed the following four transactions in the current year for its investments accounted for using the equity method 1. Purchased 10,000 shares of Hribar common stock at $10 cash per share. These shares reflect 30% ownership of Hribar. 2. Received a $2 per share cash dividend on Hribar common stock. 3. Made an adjustment to reflect $200,000 income reported by Hribar 4. Sold all 10,000 shares of Hribar common stock for $180,000 Required Show the effects (amount and account) relating to the four transactions in the financial statement effects template Note: For each account category, indicate the appropriate account name: Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Cash Transaction Asset (1) Purchased Hribar shares 2) Received cash dividend (3) Made an adjustment to reflect income reported by Hribar (4) Sold all Hribar shares Income Statement Noncash Assets Contrib Liabilities Capital Earned Capital Revenues Expenses Net Income N/A N/A Cash 0 Investments - N/A N/A Retained earnings 0 Investment income N/A N/A Gain on sale a Loss on sale . N/A N/A Unrealized gain NA