Homework Answers
15 On February 15, Jewel Company buys 11,200 shares of Marcelo Corp. common stock at $30.63...
15 On February 15, Jewel Company buys 11,200 shares of Marcelo Corp. common stock at $30.63 per share plus a brokerage fee of $610. The stock is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $2.20 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on...
On February 15, Jewel Company buys 8,400 shares of Marcelo Corp. common stock at $29.23 per...
On February 15, Jewel Company buys 8,400 shares of Marcelo Corp. common stock at $29.23 per share. The stock is classified as a stock investment with insignificant influence. This is the company’s first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $1.50 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current...
On February 15, Jewel Company buys 10,600 shares of Marcelo Corp. common stock at $30.33 per...
On February 15, Jewel Company buys 10,600 shares of Marcelo Corp. common stock at $30.33 per share. The stock is classified as a stock investment with insignificant influence. This is the company’s first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $2.05 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current...
On February 15, Jewel Company buys 9,000 shares of Marcelo Corp. common stock at $29.53 per...
On February 15, Jewel Company buys 9,000 shares of Marcelo Corp. common stock at $29.53 per share. The stock is classified as a stock investment with insignificant influence. This is the company’s first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $1.65 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current...
On February 15, Jewel Company buys 7,600 shares of Marcelo Corp. common stock at $28.59 per...
On February 15, Jewel Company buys 7,600 shares of Marcelo Corp. common stock at $28.59 per share plus a brokerage fee of $430. The stock is classified as long-term available-for-sale securities. This is the company's first and only investment in availa ble-for-sale securities. On March 15, Marcelo declares a dividend of $1.21 per share payable to stockholders of record on April 15. Jewel received the dividend on April 15 and ultimately sells half of the Marcelo stock on November 17...
On February 15, Jewel Company buys bonds of Marcelo Corp. for $201.810 cash. This debt investment...
On February 15, Jewel Company buys bonds of Marcelo Corp. for $201.810 cash. This debt investment is classified as available for sale securities. This is the company's first and only investment in available for sale securities. Jewel Company sells 40% of the Marcelo Corp. debt investment on November 17 of the current year for $105,600 cash. The entry to record this sale includes a Multiple Choice 0 Debit to Cash for $80724 0 Credit to Debt Investments-AFS for $80,724 0...
On February 15, Jewel Company buys notes of Marcelo Corp. for $201,210. The investment is classified...
On February 15, Jewel Company buys notes of Marcelo Corp. for $201,210. The investment is classified as long-term available-for-sale securities. This is the company’s first and only investment in available-for-sale securities. The journal entry to record the purchase on February 15 is: Multiple Choice Debit Debt Investments—HTM $201,210; credit Cash $201,210. Debit Debt Investments—AFS $201,210; credit Notes Payable $201,210. Debit Debt Investments—Trading $201,210; credit Cash $201,210. Debit Debt Investments—Trading $201,210; credit Notes Payable $201,210. Debit Long-Term Investments—AFS $201,210; credit Cash...
15 On February 15, Jewel Company buys 11,200 shares of Marcelo Corp. common stock at $30.63 per share plus a brokerage fee of $610. The stock is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $2.20 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on...
On February 15, Jewel Company buys 7,600 shares of Marcelo Corp. common stock at $28.59 per share plus a brokerage fee of $430. The stock is classified as long-term available-for-sale securities. This is the company's first and only investment in availa ble-for-sale securities. On March 15, Marcelo declares a dividend of $1.21 per share payable to stockholders of record on April 15. Jewel received the dividend on April 15 and ultimately sells half of the Marcelo stock on November 17...
On February 15, Jewel Company buys bonds of Marcelo Corp. for $201.810 cash. This debt investment is classified as available for sale securities. This is the company's first and only investment in available for sale securities. Jewel Company sells 40% of the Marcelo Corp. debt investment on November 17 of the current year for $105,600 cash. The entry to record this sale includes a Multiple Choice 0 Debit to Cash for $80724 0 Credit to Debt Investments-AFS for $80,724 0...
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