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Make the january and december general journal entry

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Reference no: EM132753242

Problem 1: On January 1, 2019, Kesha Company purchased a significant influence shares investment in the Winehouse Company for $250,000. This investment balance represents 40% of the equity of the Winehouse Company. During 2019, Winehouse Company reported Net Income of $30,000 on November 15, 2019 Winehouse Company paid cash dividends of $20,000 to its shareholders. Use this information to make the January 1, November 15 and December 31, 2019 General Journal entry

Reference no: EM132753242

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