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Answered: - Hi- Here are my choices on that one... No entry on December 31
Hi-
Here are my choices on that one...
No entry on December 31 because the dividends were paid on different dates. |
Debit investment in Gamma Ray Corp., $45,000; credit income from Gamma Ray Corp., $45,000. |
Debit investment in Gamma Ray Corp., $75,000; credit income from Gamma Ray Corp., $75,000. |
Debit investment in Gamma Ray Corp., $75,000; credit income from Gamma Ray Corp., $45,000; credit dividends income, $30,000. |
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DATE ANSWEREDOct 07, 2020
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