Comprehensive Problem 4 Part 1: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31,20 Y, were as follows: 1. Journalize the selected transactions: If no entry is required, select "No entry required" from the dropdown. For a compound transaction, if an amount box does no require an entry, leave it blank. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at $40 per share plus a $150 brokerage commission. The investment is classified as an available-for-sale investment. 9. Purchased 8,000 shares of treasury common stock at $33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for $24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc, treated the investment as an equity method investment. i. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders..

1. Comprehensive Problem 4 Part 1: Selected transactions completed by Equinox Products Inc.
during the fiscal year ended December 31,20 Y, were as follows: 1. Journalize the selected
transactions: If no entry is required, select "No entry required" from the dropdown. For a
compound transaction, if an amount box does no require an entry, leave it blank.
e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at $40 per
share plus a $150 brokerage commission. The investment is classified as an available-for-sale
investment. 9. Purchased 8,000 shares of treasury common stock at $33 per share.
h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for $24 per share.
Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc, treated the
investment as an equity method investment. i. Declared a $1.00 quarterly cash dividend per share
on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j.
Paid the cash dividends to the preferred stockholders.