Kingbird, Inc. had the following equity investment portfolio at January 1, 2020. During 2020 ,...
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Kingbird, Inc. had the following equity investment portfolio at January 1, 2020. During 2020 , the following transactions took place. 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30 , Kingbird, Inc. sold 300 shares of Chance Company for $12 per share. 3. On May 15, Kingbird, Inc. purchased 100 more shares of Evers Company stock at $17 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $21, and Chance $8. During 2021, the following transactions took place. 5. On February 1, Kingbird, Inc. sold the remaining Chance shares for $8 per share. 6. On March 1, Rogers Company paid a $2 per share dividend. 7. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. 8. At December 31,2021 , the stocks had the following price per share values: Evers $20 and Rogers $23. Prepare journal entries for each of the above transactions. (Credit account titles are automatically indented when amount is entered. Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31,2020 and 2021
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