Ex 12-10 ; P 12-9

Ex 12-10 ; P 12-9 - Investment revenue 4.0 Investment in...

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Student Name: Class: Problem 12-09 RUNYAN BAKERY General Journal ($ in millions) Requirement 1: Account Debit Credit Purchase Investment in Lavery Labeling shares 324.0 Cash 324.0 Net income Investment in Lavery Labeling shares 48.0 Investment revenue 48.0 Dividends Cash 20.0 Investment in Lavery Labeling shares 20.0 Depreciation adjustment
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Unformatted text preview: Investment revenue 4.0 Investment in Lavery Labeling shares 4.0 Requirement 2: Account Debit Credit Purchase Investment in Lavery Labeling shares 324.0 Cash 324.0 Dividends Cash 20.0 Investment revenue 20.0 Adjusting entry Net unrealized holding gains and losses-OCI 14.0 Fair value adjustment 14.0...
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