please provide full answer with following answer format
Homework Answers
| 2016 | |||
| Apr-13 | Investments in Trading Securities | 140000 | |
| To Cash | 140000 | ||
| Apr-24 | Investments in Trading Securities | 80000 | |
| To Cash | 80000 | ||
| Dec-31 | Investment in trading securities | 10000 | |
| To Unrealised Gain on investment | 10000 | ||
| Unrealised loss on investment | 10000 | ||
| To Investment in trading securities | 10000 | ||
| Note :- The Last entry may be not posted because the net efect is nill | |||
| 2017 | |||
| Jan-08 | Investments in Trading Securities | 90000 | |
| To Cash | 90000 | ||
| May-27 | Cash A/c | 100000 | |
| To Investments in Trading Securities | 90000 | ||
| To Profit on sale of investmet | 10000 | ||
| Dec-31 | Investment in trading securities | 10000 | |
| To Unrealised Gain on investment | 10000 | ||
| Unrealised loss on investment | 20000 | ||
| To Investment in trading securities | 20000 | ||
| Note:- on place of these two entries one entry may be posted | |||
| Unrealised loss on investment | 10000 | ||
| To Investment in trading securities | 10000 | ||
| 2018 | |||
| Jan-03 | Investments in Trading Securities | 180000 | |
| To Cash | 180000 | ||
| Jun-30 | Cash A/c | 200000 | |
| To Investments in Trading Securities | 180000 | ||
| To Profit on sale of investmet | 20000 | ||
| Dec-31 | Investment in trading securities | 20000 | |
| To Unrealised Gain on investment | 20000 | ||
| Note- In place of this entry two Diferent entry may be posted | |||
| b) Income Statement | ||||
| 2016 | 2017 | 2018 | ||
| Realised Gain(Loss) on sale of HFTI | 0 | 10000 | 20000 | |
| Unrealised Gain(Loss) from change in market value' | 0 |
(10000) |
20000 | |
| Balance Sheet | ||||
| 2016 | 2017 | 2018 | ||
| Held for Trading investment(HFTI) | 220000 | 210000 | 230000 | |
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The following Vermillion Corporation transactions are for bonds
that were purchased as a held for trading investment for the year
ended December 31, 2018:
A) Fill in the blanks below.
B) Show how the investment would be presented on the statement
of financial position at December 31, 2018.
(C) Determine the balance in each of the income statement
accounts that are affected in the transactions above and indicate
how they would be presented on the income statement for the year...
2017 Jan. 20 Purchased 1,000 shares of Ford Motor Co. at $27 per share plus a $130 с㎝ussion. Feb. 9 Purchased 2,900 shares of Lucent at $31 per share plus a $195 commission 0ct. 12 Purchased 740 shares of Z-Seven at $7.60 per share plus a 100 commission. Dec. 31 Fair value of the short-term investnents in trading securities is $126, 300. 2018 Apr. 15 Sold 1, 000 shares of Ford Motor Co. at $31 per share less a $290...
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Please help me with questions
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pirate_num
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