Business, 25.05.2021 02:40, gizmo50245

Swifty Co. had purchased 230 shares of Washington Co. for $38 each this year (Oregon Co. does not have significant influence). Swifty Co. sold 115 shares of Washington Co. stock for $44 each. At year-end, the price per share of the Washington Co. stock had dropped to $33. Prepare the journal entries for these transactions and any year-end adjustments.

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Swifty Co. had purchased 230 shares of Washington Co. for $38 each this year (Oregon Co. does not ha...