Question: On May 1 5 , 2 0 2 5 , Holyoke Co . invests $ 1 1 , 0 0 0 in Jack, Inc. stock.

On May 15,2025, Holyoke Co. invests $11,000 in Jack, Inc. stock. Jack, Inc. pays Holyoke Co. a $300 dividend on November 15,2025. Holyoke Co. sells the Jack, Inc. stock on December 10,2025, for $10,700. Assume the Holyoke Co. does not have significant influence over Jack, Inc. Journalize the 2025 transactions related to Holyoke Co.'s investment in Jack, Inc. stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)Question content area bottomPart 1Begin by journalizing Holyoke Co.'s initial investment in Jack, Inc. stock on May 15,2025.

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