Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Carlsville Company, which began operations in 2013, invests its idle cash in trading securities. The following transactions are from its short term investments in its trading securities. 2013 Jan. 20 Purchased 800 shares of Ford Motor Co. at $ 26 per share plus a $ 125 commission.
Feb. 9 Purchased 2,200 shares of Lucent at $ 44.25 per share plus a $ 578 commission. Oct. 12 Purchased 750 shares of Z Seven at $ 7.50 per share plus a $ 200 commission. 2014 Apr. 15 Sold 800 shares of Ford Motor Co. at $ 29 per share less a $ 285 commission. July 5 Sold 750 shares of Z Seven at $ 10.25 per share less a $ 102.50 commission. July 22 Purchased 1,600 shares of Hunt Corp. at $ 30 per share plus a $ 444 commission. Aug. 19 Purchased 1,800 shares of Donna Karan at $ 18.25 per share plus a $ 290 commission. 2015 Feb. 27 Purchased 3,400 shares of HCA at $ 34 per share plus a $ 420 commission. Mar. 3 Sold 1,600 shares of Hunt at $ 25 per share less a $ 250 commission. June 21 Sold 2,200 shares of Lucent at $ 42 per share less a $ 420 commission. June 30 Purchased 1,200 shares of Black & Decker at $ 47.50 per share plus a $ 595 commission.Nov. 1 Sold 1,800 shares of Donna Karan at $ 18.25 per share less a $ 309 commission. Required:
1. Prepare journal entries to record these short term investment activities for the years shown. (Ignore any year end adjusting entries.) 2. On December 31, 2015, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities when HCA's share price is $ 36 and Black & Decker's share price is $ 43.50. (Assume the Fair Value Adjustmentâ€"Trading account had an unadjusted balance of zero.)
Could Monica have spent more time than she didvacationing on the trip without loss of existing tax benefits? Explain.
What should be the balance of the Discount on Notes Payable account on the books of Jefrey at January 1, 2005 after the first payment is made, assuming that the effective interest method is used?
bowman company produces products c j and r from a joint production process. each product may be sold at split-off or
marshalls company reported the following results from the sale of 10000 units in may sales 368000 variable costs 146000
The purpose of this assignment is to highlight the importance of listening and responding in negotiations and to identify ways to improve listening and speaking in various negotiation situations.
Business analytics can provide a significant benefit to organizations. If the organization utilizes business analytics and analyzes the data correctly, they will be able to make informed decisions that will benefit the organization in many ways. T..
What three ratios would you list as the most important? Why? Which ratios would external users be most interested in? Why? Which ratios would best help internal users manage the business?
Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar). The December 31, 2010 balance sheet of Wolfe Co. included the following items:
after investigating the different forms of business organization natalie koebel decides to operate her business as a
1 briscoe company sells it product for 60 per unit. during 2011 it produced 60000 units and sold 50000 units there are
during periods of rising prices a perpetual inventory system would result in the same dollar amount of ending inventory
discuss the revenue principle and the matching principle as per the generally accepted accounting principles
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd