A company purchased the following securities in feb

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Reference no: EM13593052

A company purchased the following securities in Feb 2012.Prior to these purchases, the company had investment security portfolio.

1 Debt Trading 11,500

2 Equity Trading 9,000

3 Equity Available-for-Sale 7,250

4 Debt Available-for-Sale 12,300

During 2012, the company received 2,400 in iterest and 1,800 in dividends. On Dec 31, 2012, the porfolio had the following market values.

1 12,000

2 8,750

3 7,500

4 12,500

Prepare the following journal entries to record these 4 trans.?

Reference no: EM13593052

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