Question

Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company acquired the following trading securities:

Date                            Company            # of Shares      Price per Share

8/15                            X Company         1,500                       $46

9/25                            Y Company         1,250                         30

9/30                            Z Company         1,000                         22

On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12 per share. The following were the year-end market values:

Company                    FMV per Share

X Company                         $51

Y Company                           15

Z Company                           23

What the total dollar values that Towson Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018? Enter a Loss as a negative number.

Answer 1

Date	Company	# of Shares	Price per share	Purchased Price	Fair Value = # of Shares x FMV per Share	unrealized Gains
Aug-15	X Company	1,500	46	$ 69,000.00	$ 76,500.00	$ 7,500.00
Sep-30	Z Company	1,000	22	$ 22,000.00	$ 23,000.00	$ 1,000.00
					Unrealized Gain/Loss on Trading Securities for 2018	$ 8,500.00