QUESTION $3$

$1$b$.$ On March $15,$ Marcelo Corporation declares a dividend of $$1\mathrm{.}15$ per share payable to stockholders of record on April $15.$ Jewel Company received the dividend

$1$a$.$ On February $15,$ Jewel Company buys $7,000$ shares of Marcelo Corporation common stock at $$2853$ per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment

$\backslash$table$[[$DATE$,,$Debit,Credit$],[\frac{2}{15},,,],[,,,],[,,,],[,,,],[,,,]]$

QUESTION $3$

$1$b$.$ On March $15,$ Marcelo Corporation declares a dividend of $$1\mathrm{.}15$ per share payable to stockholders of record on April $15.$ Jewel Company received the dividend on April $15$

$\backslash$table$[[$DATE$,,$Debit,Credit$],[\frac{4}{15},,,],[,,,],[,,,],[,,,],[,,,]]$

QUESTION $4$

$1$C$.$ Jewel Company sells half of the Marcelo Corporation stock on November $17$ of the current year for $$2930$ per share.

$\backslash$table$[[$DATE$,$Debit,Credit$],[\frac{11}{17},,]]$on April $15$

$\backslash$table$[[$DATE$,,$Debit,Credit$],[\frac{4}{15},,,],[,,,],[,,,],[,,,],[,,,]]$

Answer rating: 100% (QA)

For question 31b you need to record the receipt ... View the full answer