Strategic Investments completed the following investment transactions during 2018: Read the requirements Requirement 1. Joumalize Strategic's investment transactions. Explanations are not required.
Requirement 2. Classify and prepare a partial balance sheet for Strategic's Phyflexon investment as of December 31. 2018.
Jan. 14: Purchased 800 shares of Phyflexon stock, paying $50 per share. The investment represents 4% ownership in Phyflexon's voting stock. Strategic does not have significant influence over Phyflexon.
Jan. 14. Purchased 800 shares of Phyflexon stock, paying $50 per share.
Aug 22: Received a cash dividend of $0.24 per share on the Phyflexon stock.
Dec. 31. Adjusted the investment to its current market value of $45 per share.
Dec. 31: Phyflexon reported net income of $330,000 for the year ended 2018.

Strategic Investments Company

1. Journal Entries:

Jan. 14:

Debit Investment in Phyflexon $40,000

Credit Cash Account $40,000

Aug 22:

Debit Cash Account $192

Credit Dividends Received $192

Dec. 31:

Debit Loss on Investment $4,000

Credit Investment in Phyflexon $4,000

Dec. 31:

Debit Investment in Phyflexon $13,360

Credit Net Income Share $13,360

2. Partial Balance Sheet

Investment in Phyflexon  $49,168

Explanation:

a) Data:

No. of shares of Phyflexon Stock = 800

Value of Stock investment = $40,000 ($50 x 800)

Ownership strength = 4%

b) Investment in Phyflexon:

Initial investment =      $40,000

Loss on fair value =        (4,000)

Net income                     13,360

Dividend received              (192)

Worth of investments $49,168

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !

answer$225.00;