Banjo Co$.$ invests $$800,000$ into Kazooie Co$.$ Stock which gives them $40\%$ ownership.

Make the following journal entries:

The purchase date entry:

Account

Debit

Credit

$9$

$10$

$11$

$12$ At year end, Kazooie Co$.$ has net income of $$2,000,000,$ Journalize if necessary:

$13$

Account

Debit

Credit

$14$

$15$

$16$

$17$

$18$ At year end, Kazooie Co$.$ issues total dividends of $$100,000.$ Journalize:

$19$ Account $-$ Debit Credit