Business, 10.03.2020 09:10, norefo4416

Buffalo Co. had purchased 160 shares of Washington Co. for $39 each this year (Oregon Co. does not have significant influence). Buffalo Co. sold 80 shares of Washington Co. stock for $45 each. At year-end, the price per share of the Washington Co. stock has dropped to $35.

Required:
Prepare the journal entries for these transactions and any year-end adjustments.

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Buffalo Co. had purchased 160 shares of Washington Co. for $39 each this year (Oregon Co. does not h...