Make the necessary journal entry or entries to record the

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Reference no: EM13484540

Security

Type

Classification

Cost (including Broker's Fees)

1

Equity

Trading

$55,000

2

Equity

Available-for-sale

106,000

3

Debt

Available-for-sale

23,000

4

Debt

Trading

40,000

Viella Company received the following interest and dividends from its securities during the year:

Security

Interest

Dividends

1


$1,500

2


4,000

3

$1,000


4

5,500


Make the necessary journal entry (or entries) to record the receipt of interest and dividends during the year.

Reference no: EM13484540

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