Journal Entry for Following: 1. Purchased Investments of $100,000 2.Value of Investments fall to $90,000 (how...
Journal Entry for Following:
1. Purchased Investments of $100,000
2.Value of Investments fall to $90,000 (how to record this unrealised loss) Where will this unrealised loss shown in financial statements.
3.Investments finally sold at $110,000 (what to do of earlier unrealised loss recorded & current realised gain)
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Journal Entry for Following:
1. Purchased Investments of $100,000
2.Value of Investments fall to $90,000 (how...
Chapter 9 Fall 2020 Practice problems week 3 1. Jones Corporation purchased a machine at a...
Chapter 9 Fall 2020 Practice problems week 3 1. Jones Corporation purchased a machine at a cost of $40,000. After taking $10,000 of depreciation on the machine, Jones sold the machine for $28,000 in the current year. Please complete the following: a. What is the book value at the date the machine is sold? b. How much gain or loss will be recorded on the sale? cIn the space below, prepare the journal entry to record the sale: 2. Three...
Fair Value Journal Entries, Available for Sale Investments The Investments of Steelers Inc. Indude a single...
Fair Value Journal Entries, Available for Sale Investments The Investments of Steelers Inc. Indude a single investment 5400,000 of Bengals Inc. 5 bonds purchased at 100 on January 1, 2017. These bonds were classified as available for sale securities. As of the December 31, 2017, balance sheet date, the fair value of the bonds declined to $392,800. a. Journalize the entries to acquire the investment on January 1, 2017, and record the adjustment to fair value on December 31, 2017....
al Value Journal Entries, Trading Investments The investments of Charger Inc. Indude a single investment: 8,000...
al Value Journal Entries, Trading Investments The investments of Charger Inc. Indude a single investment: 8,000 shares of Raiders, Inc. common stock purchased on February 24, Year 1, for $41 per share induding brokerage commission. These shares were classified as trading securities. As of the December 31, Year 1, balance sheet date, the share price increased to 554 per share. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31,...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,900...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,900 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $12 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $9 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,600...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,600 shares of Bengals Inc. common stock purchased on September 12, 20Y7, for $10 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, 20Y7, balance sheet date, the share price declined to $8 per share. a. Journalize the entries to acquire the investment on September 12, and record the adjustment to fair value on December 31, 20Y7....
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 10,000...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 10,000 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $13 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $10 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December...
Fair Value Journal Entries, Available for Sale Investments The investments of Steders Inc. Include a single...
Fair Value Journal Entries, Available for Sale Investments The investments of Steders Inc. Include a single investment: 13,200 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $10 per share including brokerage commission. These shares were classified as available for sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $7 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to...
Fair value journal entries, trading investments Instructions Chart of Accounts Journal Final Question Instructions The investments...
Fair value journal entries, trading investments Instructions Chart of Accounts Journal Final Question Instructions The investments of Chargerinc include a single investment 11.730 shares of Randers in common stock purchased on February 24 Year 1 for $38 per share inciting brokerage commission. These shares were cassed as trading secures As of the December 31 Yabance sheet date tee price had increased to 145 per Required A Journalize the entries to acquire the investment on February 24, and recover the advento...
On January 1, 20Y9, Valuation Allowance for Trading Investments had a zero balance
On January 1, 20Y9, Valuation Allowance for Trading Investments had a zero balance. On December 31, 20Y9, the cost of the trading securities portfolio was $379,100, and the fair value was $348,000. Journalize the December 31, 2019, adjusting journal entry to record the unrealized gain or loss on trading investments Refer to the Chart of Accounts for exact wording of account titles.Fair Value Journal Entries, Trading Investments The investments of Charger Inc. include a single investment: 14,000 shares of Raiders Inc. common...
Fair Value Journal Entre Available for sale investments The investments of Steelers the include single mestment...
Fair Value Journal Entre Available for sale investments The investments of Steelers the include single mestment 11.000 theres of Bengals the common stock purchaund on September 17, rear for 350 persone cluding brokerage common These shares were d ied as v etor sales As of the December 31, Year 1, balance sheet dat w e declined to share 2. Journalise the entries to acquire the investment on September 12 and record the adjustment to far value on December 31 Year...
Chapter 9 Fall 2020 Practice problems week 3 1. Jones Corporation purchased a machine at a cost of $40,000. After taking $10,000 of depreciation on the machine, Jones sold the machine for $28,000 in the current year. Please complete the following: a. What is the book value at the date the machine is sold? b. How much gain or loss will be recorded on the sale? cIn the space below, prepare the journal entry to record the sale: 2. Three...
Fair Value Journal Entries, Available for Sale Investments The Investments of Steelers Inc. Indude a single investment 5400,000 of Bengals Inc. 5 bonds purchased at 100 on January 1, 2017. These bonds were classified as available for sale securities. As of the December 31, 2017, balance sheet date, the fair value of the bonds declined to $392,800. a. Journalize the entries to acquire the investment on January 1, 2017, and record the adjustment to fair value on December 31, 2017....
al Value Journal Entries, Trading Investments The investments of Charger Inc. Indude a single investment: 8,000 shares of Raiders, Inc. common stock purchased on February 24, Year 1, for $41 per share induding brokerage commission. These shares were classified as trading securities. As of the December 31, Year 1, balance sheet date, the share price increased to 554 per share. Journalize the entries to acquire the investment on February 24, and record the adjustment to fair value on December 31,...
Fair Value Journal Entries, Available-for-Sale Investments The investments of Steelers Inc. include a single investment: 11,900 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $12 per share including brokerage commission. These shares were classified as available-for-sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $9 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to fair value on December...
Fair Value Journal Entries, Available for Sale Investments The investments of Steders Inc. Include a single investment: 13,200 shares of Bengals Inc. common stock purchased on September 12, Year 1, for $10 per share including brokerage commission. These shares were classified as available for sale securities. As of the December 31, Year 1, balance sheet date, the share price declined to $7 per share. a. Journalize the entries to acquire the investment on September 12 and record the adjustment to...
Fair value journal entries, trading investments Instructions Chart of Accounts Journal Final Question Instructions The investments of Chargerinc include a single investment 11.730 shares of Randers in common stock purchased on February 24 Year 1 for $38 per share inciting brokerage commission. These shares were cassed as trading secures As of the December 31 Yabance sheet date tee price had increased to 145 per Required A Journalize the entries to acquire the investment on February 24, and recover the advento...
Fair Value Journal Entre Available for sale investments The investments of Steelers the include single mestment 11.000 theres of Bengals the common stock purchaund on September 17, rear for 350 persone cluding brokerage common These shares were d ied as v etor sales As of the December 31, Year 1, balance sheet dat w e declined to share 2. Journalise the entries to acquire the investment on September 12 and record the adjustment to far value on December 31 Year...
Most questions answered within 3 hours.
-
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 3 minutes ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 39 minutes ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 45 minutes ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 1 hour ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 1 hour ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 2 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 2 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 2 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 2 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 2 hours ago -
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 2 hours ago -
what were the social political and economic causes and impacts of
the late 19th century urban...
asked 2 hours ago