Griffin Corporation Invested $136,000 to Acquire 27,000 Shares of Delta

question 86

Multiple Choice

Griffin Corporation invested $136,000 to acquire 27,000 shares of Delta Technologies,Inc.on March 1,2017.On July 2,2017,Delta pays a cash dividend of $1.00 per share.The investment is classified as an available-for-sale investment.Which of the following is the correct journal entry to record the transaction on July 2,2017?

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