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Temporary investment in securities available for sale.

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On October 4, 2010, Collins Company purchased 100 shares of Steph Company common stock for $64 per share as a temporary investment in securities available for sale. On December 31, 2010, the stock had a fair value of $63 per share, and on February 8, 2011, Collins sold the stock for $67 per share.


Required:

In journal entry form, prepare the worksheet entries to record these transactions for the Collins Company 's 2010 and 2011 statement of cash flows.

Reference no: EM13866899

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