BlackBerry owns equity-method investments in several companies. Suppose BlackBerry paid $1,000,000 to acquire a 25% investment...

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BlackBerry owns equity-method investments in several companies. Suppose BlackBerry paid $1,000,000 to acquire a 25% investment in Thai Software Company. Thai Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. Required 1. Record the following in BlackBerry's journal: (a) purchase of the investment, (b) BlackBerry's proportion of Thai Software's net income, and (c) receipt of the cash dividends. 2. What is the ending balance in BlackBerry's investment account? Requirement 1. Record the following in BlackBerry's journal: (a) Purchase of the investment (Record debits first, then credits. Explanations are not required.) (a) Accounts (b) BlackBerry's proportion of Thai Software's net income (b) (c) Receipt of the cash dividends (c) Accounts Debit Credit Debit Credit Accounts Debit Credit Requirement 2. What is the ending balance in BlackBerry's investment account? The ending balance in BlackBerry's investment account is BlackBerry owns equity-method investments in several companies. Suppose BlackBerry paid $1,000,000 to acquire a 25% investment in Thai Software Company. Thai Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. Required 1. Record the following in BlackBerry's journal: (a) purchase of the investment, (b) BlackBerry's proportion of Thai Software's net income, and (c) receipt of the cash dividends. 2. What is the ending balance in BlackBerry's investment account? Requirement 1. Record the following in BlackBerry's journal: (a) Purchase of the investment (Record debits first, then credits. Explanations are not required.) (a) Accounts (b) BlackBerry's proportion of Thai Software's net income (b) (c) Receipt of the cash dividends (c) Accounts Debit Credit Debit Credit Accounts Debit Credit Requirement 2. What is the ending balance in BlackBerry's investment account? The ending balance in BlackBerry's investment account is