Question

Captain Ivestments compleled the following transaclions duing 2016 (Click tha icon to view the transactions) Journalize 2. 1. Captain's transactions. Explanations are not required Classify and prepara partial financial statements for Captain's 25% TRChnomita investment far the year anded December 31 2016 iequirement 1. Journalize aptain's rensections. Explanations are not equired ecord debits ist, he credts xclude explanations om o mal entries. no entry is required. select “No ent y required” 0 he Jan. 14 Purchased 850 shares of Techno te stock paying S43 per share. The investment represents 25% ownership in Technomite's voting stock. Captain intends to hold the investment for the indefinite future st nethe Accounts column and eave the en aining cells biark Date Debit Credil More Into Jan. 14 Long-Term Investments Technomite 36550 Cash Jan. 14 Purchasad 350 shr of Tachnomite stock, paying S43 par share. The investment represents 25% ownership in Technomite's voting stock Captain intends to hold the investmant for the indefinite future Aug. 22: Recelved a cash dividend of S0.28 per share on the Technomite stock. Aug. 22 Received a cash dividend of 50.28 per share on the Technomite stock Der 31 Technomita's currant marknt value is $40 par share Technomits reported net Income of $120,000 for the year ended 2016 Date Credit 31 Aug. 22 PrintDone Dec. 31: Technomite's curent market value ls $40 per share Date Debit Credit