Question

Ivanhoe Corporation made the following cash purchases of securities during 2020, which is the first year in which Ivanhoe invPrepare the journal entry for the security sale on May 20. (Round answers to decimal places, e.g. 2,500. Credit account title

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Date Credit Account title and Explaination Jan-15 Equity Investments Debit $ 390,904 ((11600*33.5)+2304) Cash $ 390,904 $ 305

Add a comment
Know the answer?
Add Answer to:
Ivanhoe Corporation made the following cash purchases of securities during 2020, which is the first year...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Tamarisk Corporation made the following cash purchases of securities during 2020, which is the first year...

    Tamarisk Corporation made the following cash purchases of securities during 2020, which is the first year in which Tamarisk invested in securities. 1. On January 15, purchased 8,000 shares of Sanchez Company's common stock at $33.50 per share plus commission $1,584. 2. On April 1, purchased 4,000 shares of Vicario Cois common stock at $52 per share plus commission $2,696. 3. On September 10, purchased 5,600 shares of WTA Cois preferred stock at $26.50 per share plus commission $3,928. On...

  • Whispering Corporation made the following cash purchases of securities during 2020, which is the first year...

    Whispering Corporation made the following cash purchases of securities during 2020, which is the first year in which Whispering invested in securities. 1. 2. 3. On January 15, purchased 8,800 shares of Sanchez Company's common stock at $33.50 per share plus commission $1,744. On April 1, purchased 4,400 shares of Vicario Co.'s common stock at $52 per share plus commission $2,964. On September 10, purchased 6,160 shares of WTA Co.'s preferred stock at $26.50 per share plus commission $4,320. On...

  • *Exercise 17-11 Weterway Curpuration made the following cesh purchases of securities during 2017, which is the...

    *Exercise 17-11 Weterway Curpuration made the following cesh purchases of securities during 2017, which is the first year in which Waterwey invested in securities. 1. On January 15, purchased 10,180 shares of Sanchez Campany's common stock at $46.90 per share plus commission $2,160. 2. On April 1, purchased 5,180 shares of Vicaria Co.'s common stock at $72.80 par share plus commission $3,550. 3. On September 10, purchased 7,180 shares of WTA Co.'s preferred stock at $37.10 per share plus commission...

  • Question 5 /1 View Policles Current Attempt in Progress Pina Corporation made the following cash purchases...

    Question 5 /1 View Policles Current Attempt in Progress Pina Corporation made the following cash purchases of securities during 2020, which is the first year in which Pina invested in securities 1. On January 15, purchased 9,400 shares of Sanchez Company's common stock at $33.50 per share plus commission $1,864 On April 1, purchased 4,700 shares of Vicario Co.'s common stock at $52 per share plus commission $3,165. 2. 3. On September 10, purchased 6,580 shares of WTA Cos preferred...

  • Vaughn Corporation made the following cash purchases of securities during 2020, which is the first year...

    Vaughn Corporation made the following cash purchases of securities during 2020, which is the first year in which Vaughn invested in securities. 1. On January 15, purchased 8,800 shares of Sanchez Company’s common stock at $33.50 per share plus commission $1,744. 2. On April 1, purchased 4,400 shares of Vicario Co.’s common stock at $52 per share plus commission $2,964. 3. On September 10, purchased 6,160 shares of WTA Co.’s preferred stock at $26.50 per share plus commission $4,320. On...

  • Exercise 17-11 (Part Level Submission) Vaughn Corporation made the following cash purchases of securities during 2020,...

    Exercise 17-11 (Part Level Submission) Vaughn Corporation made the following cash purchases of securities during 2020, which is the first year in which Vaughn invested in securities. 1. On January 15, purchased 8,800 shares of Sanchez Company’s common stock at $33.50 per share plus commission $1,744. 2. On April 1, purchased 4,400 shares of Vicario Co.’s common stock at $52 per share plus commission $2,964. 3. On September 10, purchased 6,160 shares of WTA Co.’s preferred stock at $26.50 per...

  • Exercise 9-11 Bramble Corporation made the following purchases of investments during 2017, the first year in...

    Exercise 9-11 Bramble Corporation made the following purchases of investments during 2017, the first year in which Bramble invested in equity securities: 1. On January 15, purchased 8,640 shares of Nirmala Corp.s common shares at $32.16 per share plus commission of $1,901 2. On April 1, purchased 4,800 shares of Oxana Corp.'s common shares at $50 per share plus commission of $3,235. 3. On September 10, purchased 6,720 shares of WTA Corp.s preferred shares at $25.44 per share plus commission...

  • Ayayai Corporation made the following purchases of investments during 2020, the first year in which Ayayai...

    Ayayai Corporation made the following purchases of investments during 2020, the first year in which Ayayai invested in equity securities: 1. On January 15, purchased 8,100 shares of Nirmala Corp.'s common shares at $30.10 per share plus commission of $1,782. 2. On April 1, purchased 4,500 shares of Oxana Corp.'s common shares at $47 per share plus commission of $3,033 3. On September 10, purchased 6,300 shares of WTA Corp.'s preferred shares at $23.90 per share plus commission of $2,619....

  • Ayayai Corporation made the following purchases of investments during 2020, the first year in which Ayayai...

    Ayayai Corporation made the following purchases of investments during 2020, the first year in which Ayayai invested in equity securities: 1. On January 15, purchased 8,100 shares of Nirmala Corp.’s common shares at $30.10 per share plus commission of $1,782. 2. On April 1, purchased 4,500 shares of Oxana Corp.’s common shares at $47 per share plus commission of $3,033. 3. On September 10, purchased 6,300 shares of WTA Corp.’s preferred shares at $23.90 per share plus commission of $2,619....

  • Bridgeport Corporation made the following purchases of investments during 2020, the first year in which Bridgeport...

    Bridgeport Corporation made the following purchases of investments during 2020, the first year in which Bridgeport invested in equity securities: 1. On January 15, purchased 9,540 shares of Nirmala Corp.’s common shares at $35.50 per share plus commission of $2,100. 2. On April 1, purchased 5,300 shares of Oxana Corp.’s common shares at $55 per share plus commission of $3,572. 3. On September 10, purchased 7,420 shares of WTA Corp.’s preferred shares at $28.40 per share plus commission of $3,085....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT