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Wicked Wild Company's Anya and Zion Wallace are pleased with the growth of their business and have decided to invest its temporary excess cash in a brokerage account. The company had the following securities transactions in 2019 i (Click the icon to view the securities transactions.) Read the requirements. Requirement 1. Journalize the transactions including any entries, if required, at December 31, 2019. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required." on the first line of the Accounts column and leave all other cells blank. When prorating any calculations based on the amount of time an investment was outstanding during the year, use full months. It is not necessary to prorate based on the number of days the investment was outstanding for.) Jul. 1: Purchased 2,000 shares in Alton Outdoor Adventure Company for $11 per share. Wicked Wild does not have significant influence over Alton. Date Accounts and Explanations Debit Credit X More Info Jul. 1 July 1 Purchased 2,000 shares in Alton Outdoor Adventure Company for $11 per share. Wicked Wild does not have significant influence over Alton. Purchased 30% of the stock of Bethel Backpacks consisting of 57,000 shares of stock (out of a total of 190,000 shares) for $4 per share. Wicked Wild does have significant influence over Bethel. 7 10 Purchased a bond from Calmer Canoes with a face value of $130,000. Wicked Wild intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31. Received dividends of $0.10 per share from Alton Received dividends of $0.25 per share from Bethel Received an interest payment of $5,200 from Calmer Canoes. Bethel Backpacks reported net income of $40,000 for the year. Adjusted the Alton stock for a market value of $10.96 per share. Sep. 30 Nov 1 Dec. 31 31 31 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done parts remaining Check Answer

Answer 1

Date	Accoutn Tittle	Debit	Credit
1-Jul	Available for Sales Security- Alton Outdoor Adventure Company	$22,000.00
	Cash ( 2000 Shares X $11)		$22,000.00
7-Jul	Investment in Bethel Backpacks	$228,000.00
	Cash ( 57000*4)		$228,000.00
10-Jul	Investment in Bond	$130,000.00
	Cash		$130,000.00
10-Sep	Cash ( 0.10X 2000)	$200.00
	Dividend Income		$200.00
1-Nov	Cash (57000X 0.25)	$14,250.00
	Investment in Bethel Backpacks		$14,250.00
31-Dec	Cash	$5,200.00
	Interest Income		$5,200.00
31-Dec	Investment in Bethel Backpacks	$12,000.00
	Cash (40000*30%)		$12,000.00
31-Dec	Unrelaised Gain (Loss)	$80.00
	Available for Sales Securities (10.96-11)*2000		$80.00