Question: Not sure what to do here can someone help me out? I have provided the whole question with a list of accounts to help us

 Not sure what to do here can someone help me out?I have provided the whole question with a list of accounts tohelp us fill in the blank. X RRCC Dashboard - RRCC (01)X B ACC122 M2 COMP PROBLEM - A X WileyPLUS * Homework

Not sure what to do here can someone help me out? I have provided the whole question with a list of accounts to help us fill in the blank.

Help - Q&A from On! x + https://edugen.wileyplus.com/edugen/Iti/main.uni LUS Weygandt, Accounting Principles,13e Help | System Announcements CALCULATOR PRINTER VERSION BACK NE URCES CookieCreations 16 b-d2 Natalie has been approached by Ken Thornton, a shareholderof The Beanery Coffee Inc. Ken wants to retire and would liketo sell his 1,000 shares in The Beanery Coffee, which represents 30%

X RRCC Dashboard - RRCC (01) X B ACC122 M2 COMP PROBLEM - A X WileyPLUS * Homework Help - Q&A from On! x + https://edugen.wileyplus.com/edugen/Iti/main.uni LUS Weygandt, Accounting Principles, 13e Help | System Announcements CALCULATOR PRINTER VERSION BACK NE URCES Cookie Creations 16 b-d2 Natalie has been approached by Ken Thornton, a shareholder of The Beanery Coffee Inc. Ken wants to retire and would like to sell his 1,000 shares in The Beanery Coffee, which represents 30% of all shares 15 a-d issued. The Beanery is currently operated by Ken's twin daughters, who each own 35% of the common shares. The Beanery not only operates a coffee shop but also roasts and sells beans to retailers, under the $ 16 b- name "Rocky Mountain Beanery." The business has been operating for approximately 5 years. In the last 2 years Ken has lost interest and left the day-to-day operations to his daughters. Both daughters at times find the work at the coffee shop overwhelming. They would like to have a third shareholder involved to take over some of the responsibilities of running a small business. Both feel that Natalie and Curtis are entrepreneurial in spirit and that their expertise would be a welcome addition to the business operation. The twins have also said that they plan to operate this business for another 10 years and then retire. y Study Ken has met with Curtis and Natalie to discuss the business operation. All have concluded that there would be many advantages for Cookie & Coffee Creations Inc. to acquire an interest in The Beanery Coffee. One of the major advantages would be volume discounts for purchases of the coffee bean inventory. Despite the apparent advantages, however, Natalie and Curtis are still not convinced that they should participate in this business venture. Assume that Ken wants to sell his 1,000 shares of The Beanery Coffee for $15,000. Prepare the journal entry required if Cookie & Coffee Creations Inc. buys Ken's shares. ( If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Assume that Cookie & Coffee Creations Inc. buys the shares and in the following year The Beanery Coffee earns $50, 000 net income and pays $25, 000 in dividends. the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cost Method: 3:15 PM ype here to search e A 3/6/2019 DELL\\EX ACLIZZ MIZ COMP PROBLEM - A X| WileyPLUS X Https : / / edugen . wileyplus . com / edugen / Iti / main . uni ` Homework Help _ OBLA from On x| + US Weygandt , Accounting Principles , 13 0 Help | System Announcements* CES CALCULATOR*\\ PRIN Assume that Cookie & Coffee Creations Inc . buys the shares and in the following year The Beanery Coffee earns $50 , 000 net income and pays $ 25 , 000 in dividends . a - [ Prepare the journal entries required under both the cost method and the equity method of accounting for this investment . ( If no entry is required , select " No Entry " for the accou the amounts . Credit account titles are automatically indented when amount is entered . Do not indent manually . ) Account Titles and Explanation Debit Credit Cost Method : Udy. Equity Method : ( To record equity in Beanery's net income ) ( To record dividends received ) SHOW LIST OF ACCOUNTS LINK TO TEXT* \\LINK TO TEXT Identify where this investment would be classified on the balance sheet of Cookie & Coffee Creations Inc . Investment would be classified as a \\in balance sheet SHOW LIST OF ACCOUNTS "JAUNT TO TRICT* THOSE IN TEVET .* @ to searchCookie Creations 15 a-d (To record dividends received) d2 Cookie Creations 16 b- SHOW LIST OF ACCOUNTS eview Score LINK TO TEXT LINK TO TEXT eview Results by Study bjective Identify where this investment would be classified on the balance sheet of Cookie & Coffee Creations Inc. Investment would be classified as a in balance sheet. SHOW LIST OF ACCOUNTS Current Assets LINK TO TEXT LINK TO TEXT Current Liabilities Expenses What amount would appear on the b Intangible Assets ethods of accounting for the investment? Cost method Long-term Investments Equity method Long-term Liabilities Click if you would like to Show W Net Income / (Loss) how Work Property, Plant and Equipment SHOW LIST OF ACCOUNTS Revenues LINK TO TEXT LINK TO TEXT Stockholders' Equity O Type here to search e DELLn balance sheet. SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT What amount would appear on the balance sheet under each of the methods of accounting for the investment? Cost method $ Equity method LA- Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Type here to search e DELLMI ACCOUNTS \\U...` "Y where this investment would be Cookie Creations 16 b - d2 Cash ment would be classified as a Debt Investments Dividend Revenue N LIST OF ACCOUNTS* Fair Value Adjustment - Available - for- Sale Fair Value Adjustment- Stock Fair Value Adjustment- Trading* TO TEXT\\ \\LINK TO TEXT* Gain on Sale of Debt Investments Gain on Sale of Stock Investments Interest Receivable Interest Revenue* amount would appear on the bald Loss on Sale of Debt Investments Loss on Sale of Stock Investments No Entry * lethod Revenue from Stock Investments Short - Term Investments Stock Investments\\ method Unrealized Gain or Loss - Equity Unrealized Gain or Loss - Income if you would like to Show Wor `` LHA` ````ROUTINE TO TEXT LINK TO TEXT Question Attempts / assignment / test / qview . unipid = quest 4 4 2636 / entrance ! &selected`````operation = take _question &inline = #` Are`

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