Question: Please help with Dec 31 I got it wrong Captair investments completed the following transactions during 2024: Click the lin to view the transactions Requirements
Please help with Dec 31 I got it wrong
Captair investments completed the following transactions during 2024: Click the lin to view the transactions Requirements 1. Journalize Captain's trenections Explorer wenrecuired. 2 Claszity and prepare part al finarcial statements for Capan's 35% Phylexen investment for the year ended December 31, 2024. Requirement 1. Journalize Captain's transactions. Explarations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry requred on the frst line of the Account column and leave the remaining cells blank. Jari. 14. Purchased 1,000 shares of Phylaxon block paying S52 per share. The investment represents 35% wiership in Ptoflexon's voting stock and Captain a significant influence over Proyflexer. Captain intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 Ecuity Investments-Proflexon 52.000 Cash 52.000 More info Aug. 22. Received a cash dividend of 80.63 per share on the Proflexer alock Data Debat Credit Aug. 22 Accounts Cash Equity Investments Phyfiexon 630 Jan. 14 Purchased 1,000 shares of Phyflexon stock, paying $52 per share. The , investment represents 35% ownership in Phyflexon's voting stock and Captain has significant influence over Phyflexen Captain intends to hold the investment for the indefinite future. Aug. 22 Received a cash dividend of $0.83 per share on the Philexon stock. Dec. 31 Phylaxon's current marion value of $47 por Share Dec. 31 Phrylexon reporled net incore of 3200,000 for the year endec 2024 Dec. 31: Phyflexon's current market value is 347 per share Date Debit Credit Print Done Dec. 31 Accounts Unrealized Holding Loss Equity Investments Fcuity Investments, Phyflexon 5,000 5000
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