In January 2022, the management of Carla Vista Company concludes that it has sufficient cash to permit some short-term i

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In January 2022, the management of Carla Vista Company
concludes that it has sufficient cash to permit some short-term
investments in debt and equity securities. During the year, the
following transactions occurred.
At December 31, the fair value of the Muninger and Tatman common
stocks were $51 and $24 per share respectively. These
stock investments by Carla Vista Company provide less
than a 20% ownership interest.
(a)
Journalize the transactions and post to the accounts Debt
Investments and Stock Investments. (Use the T-account
form.) (Record journal entries in the order
presented in the problem. List all debit entries before credit
entries. Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required,
select "No entry" for the account titles and enter 0 for the
amounts.)