Vance Corporation purchases UXB shares on May 10 for $120,000.On October 15^th Vance receives a cash dividend of $1,200 from UXB.On December 31^st the value of Vance Corporation's investment in UXB has increased in value to $150,000.
Prepare journal entries needed on May 10,October 15,and December 31,2014.

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The Answer of Vance Corporation purchases UXB shares on May 10 for $120,000.On October 15^th Vance receives a cash dividend of $1,200 from UXB.On December 31^st the value of Vance Corporation's investment in UXB has increased in value to $150,000. Prepare journal entries needed on May 10,October 15,and December 31,2014.

Vance Corporation Purchases UXB Shares on May 10 for $120,000