need help with the journal entry for August 1
thanks.
Homework Answers
Journal entry:
| Date | Account title | Debit | Credit |
|---|---|---|---|
| Aug 1 |
Cash (210 x $56) Realized loss on held for trading investment Held for trading investment {($38280/660) x 210} |
$11760 $420 . |
. . $12180 |
Add Answer to:
need help with the journal entry for August 1
thanks.
URCES (Ch 11 Question 2 During...
I need help with the journal entry for dec 31. thanks (lo record sale of MRT...
I need help with the journal entry for dec 31.
thanks
(lo record sale of MRT bonds.) Dec. 31 Unrealized Loss on Held for Trading Investments Held for Trading Investments - and Burnley Question 2 During 2018, Benton Financial Corporation had the following held for trading investment transactions: PRINTER VE Feb. 1 Mar. 1 Apr. 1 July 1 Aug. 1 Sept. 1 Oct. 1 1 Dec.31 Purchased 660 CBF common shares for $38,280. Purchased 770 RSD common shares for $20,790....
answer in form plz Problem 12-2A (Part Level Submission) During 2018, Oak Ridge Financial Corporation had...
answer in form plz
Problem 12-2A (Part Level Submission) During 2018, Oak Ridge Financial Corporation had the following held for trading investment transactions: Purchased 670 CBF common shares for $42,210. Feb. 1 Purchased 850 RSD common shares for $24,650. Purchased 7% MRT bonds at face value, for $62,200. Interest is received semi-annually on April 1 and October 1 Mar 1 Apr 1 July Received a cash dividend of $3 per share on the CBF common shares. 1 Aug. Sold 190...
During 2018, Bellevue Financial Corporation had the following held for trading investment transactions: Feb. Purchased 570...
During 2018, Bellevue Financial Corporation had the following held for trading investment transactions: Feb. Purchased 570 CBF common shares for $35,340. 1 Purchased 880 RSD common shares for $27,280. Mar. 1 Purchased 7% MRT bonds at face value, for $62,000. Interest is received semi-annually on April 1 and October 1. Apr. 1 Received a cash dividend of $3 per share on the CBF common shares. Sold 200 CBF common shares at $60 per share. July 1 Aug. 1 Received a...
Prepare the adjusting entry at December 31, 2020 to report the investment securities at fair value....
Prepare the adjusting entry at December 31, 2020 to report the
investment securities at fair value. All securities are considered
to be trading securities.
* (c) Show the balance sheet
presentation of investment securities at December 31, 2020.
* (d)
Identify the income statement accounts and give the statement
classi cation of each
account.
ES Problem 16-02A a-d (Part Level Submission) (Video) In January 2020, the management of Wildhorse Company concludes that it has sufficient cash to permit some short-term...
Your answer is partially correct. Following is information for Bramble Ltée's investments held for trading. Bramble...
Your answer is partially correct. Following is information for Bramble Ltée's investments held for trading. Bramble is a public company and has a December 31 yes end. 2021 Sept. 28 Purchased 2,700 shares of Cygman Limited for $38 per share. Oct. 1 Purchased $228,000 of Rauk Inc. 4% bonds at face value. The bonds pay interest semi-annually on April 1 and Octobe Nov. 12 Sold 1,400 Cygman shares for $40 per share. Dec. 1 Received $1.50 per share dividend from...
In January 2019, the management of Crane Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions...
In January 2019, the management of Crane Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Feb. 1 Purchased 1,250 shares of LAF common stock for $50,000. Mar. 1 Purchased 480 shares of NCL common stock for $16,800. Apr. 1 Purchased 75 $1,000, 8% TRC bonds for $75,000. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of...
P16.2A (LO 2, 3) Financial Statement In January 2020, the management of Kinzie Compatty or cludes...
P16.2A (LO 2, 3) Financial Statement In January 2020, the management of Kinzie Compatty or cludes that it has sufficient cash to permit some short-term investments in debt and equity scout actions show During the year, the following transactions occurred. GLS Feb. 1 Purchased 600 shares of Muninger common stock for $32,400. Mar. 1 Purchased 800 shares of Tatman common stock for $20,000. Apr. 1 Purchased 50 of $1,000, 7% Yoakem bonds for $50,000. Interest is payable semiannually on April...
ProBLEM 2. In January 2012, the management of Gina Company concludes that it has sufficienn purchase...
ProBLEM 2. In January 2012, the management of Gina Company concludes that it has sufficienn purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Purchased 500 shares of Joy common stock for $30,000, plus brokerage fees of $800. Purchased 600 shares of Aurelius common stock for $20,000, plus brokerage fees of $300. Feb. 1 Mar. 1 Purchased 40 $1,000, 9% Sikich bonds for $40,000, plus $1,200 brokerage fees. Interest Is payable semiannually on...
P16-2A In January 2017, the management of Kinzie Company concludes that it has suffi. Jo cient...
P16-2A In January 2017, the management of Kinzie Company concludes that it has suffi. Jo cient cash to permit some short-term investments in debt and stock securities. During the tra year, the following transactions occurred. ad! Feb. 1 Purchased 600 shares of Muninger common stock for $32,400. (LO Mar. 1 Purchased 800 shares of Tatman common stock for $20,000 Apr. 1 Purchased 50 $1,000,7% Yoakem bonds for $50,000. Interest is payable semiannually on April 1 and October 1. July |...
Prepare the adjusti/ng entry at December 31, 2020, to show the securities at fair value. Blos/som has less than a 20% ow...
Prepare the adjusti/ng entry at December 31, 2020, to show the
securities at fair value. Blos/som has less than a 20% owner/ship
interest in all these common stocks (C Co., D Co., and E Co.).
(Credit account titles are automatically indented when
the amount is entered. Do not indent manually.)
For first box, Unrealized loss isn't answer and
second box, Fair value Adjustment is not
answer.
On December 31, 2019, the end of its first year of operations, Blossom Associates...
I need help with the journal entry for dec 31.
thanks
(lo record sale of MRT bonds.) Dec. 31 Unrealized Loss on Held for Trading Investments Held for Trading Investments - and Burnley Question 2 During 2018, Benton Financial Corporation had the following held for trading investment transactions: PRINTER VE Feb. 1 Mar. 1 Apr. 1 July 1 Aug. 1 Sept. 1 Oct. 1 1 Dec.31 Purchased 660 CBF common shares for $38,280. Purchased 770 RSD common shares for $20,790....
answer in form plz
Problem 12-2A (Part Level Submission) During 2018, Oak Ridge Financial Corporation had the following held for trading investment transactions: Purchased 670 CBF common shares for $42,210. Feb. 1 Purchased 850 RSD common shares for $24,650. Purchased 7% MRT bonds at face value, for $62,200. Interest is received semi-annually on April 1 and October 1 Mar 1 Apr 1 July Received a cash dividend of $3 per share on the CBF common shares. 1 Aug. Sold 190...
During 2018, Bellevue Financial Corporation had the following held for trading investment transactions: Feb. Purchased 570 CBF common shares for $35,340. 1 Purchased 880 RSD common shares for $27,280. Mar. 1 Purchased 7% MRT bonds at face value, for $62,000. Interest is received semi-annually on April 1 and October 1. Apr. 1 Received a cash dividend of $3 per share on the CBF common shares. Sold 200 CBF common shares at $60 per share. July 1 Aug. 1 Received a...
Prepare the adjusting entry at December 31, 2020 to report the
investment securities at fair value. All securities are considered
to be trading securities.
* (c) Show the balance sheet
presentation of investment securities at December 31, 2020.
* (d)
Identify the income statement accounts and give the statement
classi cation of each
account.
ES Problem 16-02A a-d (Part Level Submission) (Video) In January 2020, the management of Wildhorse Company concludes that it has sufficient cash to permit some short-term...
Your answer is partially correct. Following is information for Bramble Ltée's investments held for trading. Bramble is a public company and has a December 31 yes end. 2021 Sept. 28 Purchased 2,700 shares of Cygman Limited for $38 per share. Oct. 1 Purchased $228,000 of Rauk Inc. 4% bonds at face value. The bonds pay interest semi-annually on April 1 and Octobe Nov. 12 Sold 1,400 Cygman shares for $40 per share. Dec. 1 Received $1.50 per share dividend from...
P16.2A (LO 2, 3) Financial Statement In January 2020, the management of Kinzie Compatty or cludes that it has sufficient cash to permit some short-term investments in debt and equity scout actions show During the year, the following transactions occurred. GLS Feb. 1 Purchased 600 shares of Muninger common stock for $32,400. Mar. 1 Purchased 800 shares of Tatman common stock for $20,000. Apr. 1 Purchased 50 of $1,000, 7% Yoakem bonds for $50,000. Interest is payable semiannually on April...
ProBLEM 2. In January 2012, the management of Gina Company concludes that it has sufficienn purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Purchased 500 shares of Joy common stock for $30,000, plus brokerage fees of $800. Purchased 600 shares of Aurelius common stock for $20,000, plus brokerage fees of $300. Feb. 1 Mar. 1 Purchased 40 $1,000, 9% Sikich bonds for $40,000, plus $1,200 brokerage fees. Interest Is payable semiannually on...
P16-2A In January 2017, the management of Kinzie Company concludes that it has suffi. Jo cient cash to permit some short-term investments in debt and stock securities. During the tra year, the following transactions occurred. ad! Feb. 1 Purchased 600 shares of Muninger common stock for $32,400. (LO Mar. 1 Purchased 800 shares of Tatman common stock for $20,000 Apr. 1 Purchased 50 $1,000,7% Yoakem bonds for $50,000. Interest is payable semiannually on April 1 and October 1. July |...
Prepare the adjusti/ng entry at December 31, 2020, to show the
securities at fair value. Blos/som has less than a 20% owner/ship
interest in all these common stocks (C Co., D Co., and E Co.).
(Credit account titles are automatically indented when
the amount is entered. Do not indent manually.)
For first box, Unrealized loss isn't answer and
second box, Fair value Adjustment is not
answer.
On December 31, 2019, the end of its first year of operations, Blossom Associates...
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