Record each of the following transactions and events of Hertz. Note: Round to nearest whole...
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Record each of the following transactions and events of Hertz. Note: Round to nearest whole dollar. Year 1 January 1 Acquired 97,000 shares of Thrifty common stock for $541,000 cash. Thrifty has 291,000 shares of common stock outstanding, and its activities will be significantly influenced by Hertz. August 31 Thrifty declared and paid a cash dividend of $1.60 per share. December 31 Thrifty reported net income for the year of $506,400. Year 2 August 31 Thrifty declared and paid a cash dividend of $3.60 per share. December 31 Thrifty reported net income for the year of $732,900. December 31 Hertz sold 13,000 shares of Thrifty for $95,000 cash. Journal entry worksheet 1 2 3 4 5 6. Thrifty reported net income for the year of $732,900. Note: Enter debits before credits
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