On May 15, 2018 , Mega Co. invests $ 10 comma 000 in Saddle , Inc. stock. Saddle pays Mega a $ 900 dividend on November 15, 2018. Mega sells the Saddle stock on December 10, 2018 , for $ 9 comma 700. Assume the Mega Co. does not have significant influence over Saddle , Inc. Journalize the 2018 transactions related to Mega 's investment in Saddle stock. (Record debits first, then credits. Select the explanation on the last line of the journ
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Home » Business » On May 15, 2018 , Mega Co. invests $ 10 comma 000 in Saddle , Inc. stock. Saddle pays Mega a $ 900 dividend on November 15, 2018. Mega sells the Saddle stock on December 10, 2018 , for $ 9 comma 700. Assume the Mega Co.