Homework Answers
Solution:
Journal Entries:
| Date | General Journal | Debit | Credit |
| May. 7 | Karft Bonds - Trading Securities | $ 10,300 | |
| Cash | $ 10,300 | ||
| ( Being bonds purchased) | |||
| June. 6 | Cash | $ 11,050 | |
| Realized gain on trading securities | $ 750 | ||
| Karft Bonds - Trading Securities | $ 10,300 | ||
| ( Being bonds sold and gain realized) |
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involving the short-term securities investments of Natura Co., all
of which occurred during year 2017.
On June 15, paid $278,000 cash to purchase Remedy’s 90-day
short-term debt securities ($278,000 principal), dated June 15,
that pay 5% interest (categorized as held-to-maturity
securities).
On September 16, received a check from Remedy in payment of the
principal and 90 days' interest on the debt securities purchased...
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Exercise 15-4 Accounting for short-term held-to-maturity
securities LO P2
Prepare journal entries to record the following transactions
involving the short-term securities investments of Natura Co., all
of which occurred during year 2017.
On June 15, paid $278,000 cash to purchase Remedy’s 90-day
short-term debt securities ($278,000 principal), dated June 15,
that pay 5% interest (categorized as held-to-maturity
securities).
On September 16, received a check from Remedy in payment of the
principal and 90 days' interest on the debt securities purchased...
Prepare summary journal entries to record the following
transactions for a company in its first month of operations
WA E- Www Check my Www Prepare summary journal entries to record the following transactions for a company in its first month of operations. This page ware Si a. Raw materials purchased on account, $84,000. b. Direct materials used in production, $38,000. Indirect materials used in production, $13,500. c. Paid cash for factory payroll, $45,000. Of this total, $31,000 is for direct...
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