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On January 2, 20x7, the Healey Company made several long-term investments in the voting stock of various companies. It purchased 10,000 shares of Zima at $4.00 a share. Each investment represents less than 20 percent of the voting stock of the company. The remaining securities transactions of Healey during 20x7 were as follows:
Transactions attached.
REQUIRED:1. Prepare entries in journal form to record all of Healey Company's transactions in long-term investments in 20x7 and 20x8.
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