Journalize the 2022 transactions and post to the account Stock investments. (Use the Taccount form) (Rht ail debit entries before credit entries Credit account titler are outanoticoly indented when omount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Record journol entries in the order presented in the problem) On December 31,2021 , the end of its first year of operations, Wildhorse Associates owned the following securities, that are held as a long-term investments. The securities are not held for influence or control of the investee. On Decamber 31, 2021, the total fair value of the securities was equal to its cost. in 2022, the following transactions occurred. Mug: 1 Received 3050 per share canh dividend on Gehring Co, common stock Sept. 1 Sold 1440 shares of Wooderson Ca. commonstock for cash at $8 per share. Oc. 1 Sold 760 shares of Gehring Co. common stock for cash at $33 per share. Now 1 Received $1 per share cash dividend on Kitselton Co. common stock. Dec. 15 Recrived saso per shase cash dividend on Gehring Co. common stock. Dec. 31 Recelved $1 per share aninual cash dividend on Wooderson Ca. comman stock: At December 31, the fair values per stare of the common stocks were: Gehring Co. $32. Wooderson Ca, 58 , and Kitselton Ca. $20. These investments should be classifed as lons term..

1. Journalize the 2022 transactions and post to the account Stock investments. (Use the Taccount
form) (Rht ail debit entries before credit entries Credit account titler are outanoticoly indented
when omount is entered. Do not indent manually. If no entry is required, select "No entry" for
the account titles and enter Ofor the amounts. Record journol entries in the order presented in the
problem)
On December 31,2021 , the end of its first year of operations, Wildhorse Associates owned the
following securities, that are held as a long-term investments. The securities are not held for
influence or control of the investee. On Decamber 31, 2021, the total fair value of the securities
was equal to its cost. in 2022, the following transactions occurred. Mug: 1 Received 3050 per
share canh dividend on Gehring Co, common stock Sept. 1 Sold 1440 shares of Wooderson Ca.
commonstock for cash at $8 per share. Oc. 1 Sold 760 shares of Gehring Co. common stock for
cash at $33 per share. Now 1 Received $1 per share cash dividend on Kitselton Co. common
stock. Dec. 15 Recrived saso per shase cash dividend on Gehring Co. common stock. Dec. 31
Recelved $1 per share aninual cash dividend on Wooderson Ca. comman stock: At December 31,
the fair values per stare of the common stocks were: Gehring Co. $32. Wooderson Ca, 58 , and
Kitselton Ca. $20. These investments should be classifed as lons term.