Journal Entries in the books of Amalgamated General Corporation
Date | Account Name | Debit($ in millions) | Credit($ in millions) |
2021 | |||
Oct,18 | Investment in Preference shares of Millwork ventures | 58 | |
Cash | 58 | ||
Oct,31 | Cash | 1.5 | |
Investment Revenue | 1.5 | ||
Nov,1 | Investment in Holistic entertainment Bonds | 18 | |
Cash | 18 | ||
Nov,1 | Cash | 28 | |
Loss on sale | 2 | ||
Investments in Kanas bonds | 30 | ||
Dec 1 | Investment in 12% Household Plastic bonds | 60 | |
Cash | 60 | ||
Dec,20 | Investment in US Treasury Bonds | 5.6 | |
Cash | 5.6 | ||
Dec,21 | Investment in NXS Common shares | 44 | |
Cash | 44 | ||
Dec,23 | Cash | 5.7 | |
Investment US Treasury Bonds | 5.6 | ||
Gain on sale | 0.1 | ||
Dec,29 | Cash | 3 | |
Inestment Revenue | 3 | ||
Dec,31 |
Investment revenue Receivable from Holistic (18*10%*2/12) |
0.3 | |
Investment Revenue Receivable from Household plastic(60*12%*1/12) | 0.6 | ||
Investment revenue | 0.9 | ||
Adjusting entries | |||
Dec,31 |
Net Holding unrealised Gains/losses (2*27.5-58) |
3 | |
Fair Value Adjustment | 3 | ||
Fair Value Adjustment | 2 | ||
Net Holding unrealised Gains/losses | 2 | ||
Closing Entries | |||
Net Holding unrealised Gains/losses | 2 | ||
Investment Revenue(3+1.5+0.9) | 5.4 | ||
Gain on sale of Investments | 0.1 | ||
Loss on sale of Investments | 2 | ||
Income summary | 5.5 | ||
Jan 7 | Cash | 43 | |
Loss on sale | 1 | ||
Investment in NXS | 44 |
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division....
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $60 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated's trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $30 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated's trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $30 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated's trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $40 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated's trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's Investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $45 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated's trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $45 million of 10 bonds of Kansas Abstractors, Inc. purchased on May 1, 2021 at face value and held in Amalgamated's trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated’s investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $55 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated’s trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated’s investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $50 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated’s trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated’s investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $45 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated’s trading...
Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated’s investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $55 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021 at face value and held in Amalgamated’s trading...