Which entry would appear as a debit in a hotel’s cash account?
a.
income earned from renting out a store in the hotel
b.
income from food and beverage sales on a specific day
c.
the amount paid by a customer for spa treatments
d.
the amount refunded to the hotel by a linen supplier
e.
the amount paid for newly purchased furniture

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?