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The following Tarjee Corporation transactions are for bonds that were purchased as a held for trading...
The following Springfield Corporation transactions are for bonds that were purchased as a held for trading...
The following Springfield Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Purchased $208,000 of Leslye Corporation 4% bonds at 106 (this means 106% of maturity value) Feb. 1 Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Received interest on Leslye bonds Sold $83,200 of the Leslye bonds at 101. Accrued interest on the remaining bonds. Aug. 1 2...
The following Lawn Corporation transactions are for bonds that were purchased as a held for trading...
The following Lawn Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb. 1 Purchased $232,000 of Leslye Corporation 2% bonds at 106 (this means 106% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold $92,800 of the Leslye bonds at 102. Dec. 31 Accrued interest on the...
The following Vermillion Corporation transactions are for bonds that were purchased as a held for trading...
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...
The following Crown Point Corporation transactions are for bonds that were purchased as a held for...
The following Crown Point Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb. 1 Purchased $250,000 of Leslye Corporation 3% bonds at 105 (this means 105% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold $100,000 of the Leslye bonds at 102. Dec. 31 Accrued interest on...
The following Vermillion Corporation transactions are for bonds that were purchased as a held for trading...
The following Vermillion Corporation transactions are for bonds
that were purchased as a held for trading investment for the year
ended December 31, 2018:
Feb.
1
Purchased $224,000 of Leslye
Corporation 3% bonds at 104 (this means 104% of maturity
value).
Interest is received semi-annually on August 1 and February 1. The
bonds mature on February 1, 2020.
Aug.
1
Received interest on Leslye
bonds.
2
Sold $89,600 of the Leslye bonds at
101.
Dec.
31
Accrued interest on the...
Fill in the income statement below The following Vermillion Corporation transactions are for bonds that were...
Fill in the income statement below
The following Vermillion Corporation transactions are for bonds
that were purchased as a held for trading investment for the year
ended December 31, 2018:
Feb.
1
Purchased $224,000 of Leslye
Corporation 3% bonds at 104 (this means 104% of maturity
value).
Interest is received semi-annually on August 1 and February 1. The
bonds mature on February 1, 2020.
Aug.
1
Received interest on Leslye
bonds.
2
Sold $89,600 of the Leslye bonds at
101....
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...
The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company...
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
Problem 12-5 Various transactions related to trading securities [LO1241,12-3) The following selected transactions relate to investment...
Problem 12-5 Various transactions related to trading securities [LO1241,12-3) The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018 The company buys debt securities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio. Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017 Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $400,000 at face value. Sep. 1 Acquired $900,000 of American...
The following Springfield Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Purchased $208,000 of Leslye Corporation 4% bonds at 106 (this means 106% of maturity value) Feb. 1 Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Received interest on Leslye bonds Sold $83,200 of the Leslye bonds at 101. Accrued interest on the remaining bonds. Aug. 1 2...
The following Lawn Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb. 1 Purchased $232,000 of Leslye Corporation 2% bonds at 106 (this means 106% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold $92,800 of the Leslye bonds at 102. Dec. 31 Accrued interest on the...
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...
The following Crown Point Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb. 1 Purchased $250,000 of Leslye Corporation 3% bonds at 105 (this means 105% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020. Aug. 1 Received interest on Leslye bonds. 2 Sold $100,000 of the Leslye bonds at 102. Dec. 31 Accrued interest on...
The following Vermillion Corporation transactions are for bonds
that were purchased as a held for trading investment for the year
ended December 31, 2018:
Feb.
1
Purchased $224,000 of Leslye
Corporation 3% bonds at 104 (this means 104% of maturity
value).
Interest is received semi-annually on August 1 and February 1. The
bonds mature on February 1, 2020.
Aug.
1
Received interest on Leslye
bonds.
2
Sold $89,600 of the Leslye bonds at
101.
Dec.
31
Accrued interest on the...
Fill in the income statement below
The following Vermillion Corporation transactions are for bonds
that were purchased as a held for trading investment for the year
ended December 31, 2018:
Feb.
1
Purchased $224,000 of Leslye
Corporation 3% bonds at 104 (this means 104% of maturity
value).
Interest is received semi-annually on August 1 and February 1. The
bonds mature on February 1, 2020.
Aug.
1
Received interest on Leslye
bonds.
2
Sold $89,600 of the Leslye bonds at
101....
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...
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
The following selected transactions relate to investment
activities of Ornamental Insulation Corporation during 2018. The
company buys debt securities, intending to profit from short-term
differences in price and maintaining them in an active trading
portfolio. Ornamental’s fiscal year ends on December 31. No
investments were held by Ornamental on December 31, 2017.
Mar.
31
Acquired 8% Distribution Transformers Corporation bonds costing
$480,000 at face value.
Sep.
1
Acquired $1,140,000 of American Instruments' 10% bonds at face
value.
Sep.
30
Received...
Problem 12-5 Various transactions related to trading securities [LO1241,12-3) The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018 The company buys debt securities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio. Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017 Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $400,000 at face value. Sep. 1 Acquired $900,000 of American...
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