Journalize the transactions-cash dividend given


On January 1, Vince Corporation purchased a 25% equity in Morelli Corporation for $180,000. At December 31, Morelli declared and paid a $60,000 cash dividend and reported net income of $200,000.

Journalize the transactions.

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Accounting Basics: Journalize the transactions-cash dividend given
Reference No:- TGS045048

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