The entries by The Sisters

The entries by The Sisters - Cash 72,000 Acquire 30% of...

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The entries by The Sisters, Inc. to record the acquisition of 2005 GROUP stock, receipt of dividends,  and share of net income are: General Journal Date Account Title and Description Ref. Debit Credit 20X0 Jan. 1 Investment in 2005 GROUP 72,000
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Unformatted text preview: Cash 72,000 Acquire 30% of 2005 GROUP stock Dec. 31 Cash 9,000 Investment in 2005 GROUP 9,000 Dividends received2005 GROUP Dec. 31 Investment in 2005 GROUP 45,000 Revenue from Investment in 2005 GROUP 45,000 Share of net income2005 GROUP...
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