Question: 4. On August 1, 2017, Sohar Co. invests the OR 6,000 in Seeds, Inc, stock. Seeds pays Sohar OR 500 dividend on October 1, 2017

4. On August 1, 2017, Sohar Co. invests the OR 6,000 in Seeds, Inc, stock. Seeds pays Sohar OR 500 dividend on October 1, 2017 Sohar sells the stock on October 31, 2017, for 6,900. Assume the investment is categorized as a trading investment. Required: a. Journalize the transactions for Sohar's investment in Seeds stock. b. What was the net effect of the investment on Sohar's net income 2017? 5 Prepare the necessary journal entries for each of the following transactions for Al-Morooj Corporation a Issued 5,000 shares of its OR 4 par value common stock for OR 9 per share b. Issued 4,000 shares of its stock for building. Nadmin's stock is actively at market price of OR 6 per share c. Issued 5,000 shares of its OR 12 par value preferred stock for OR 17 per share
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