How to the company had investment security portfolio, Accounting Basics

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How to the company had investment security portfolio

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.?

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Accounting Basics: How to the company had investment security portfolio

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Accounting Basics: How to the company had investment security portfolio

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to the company had investment security portfolio

Reference No:- TGS0700551

Recent Questions Asked Accounting Basics

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Q : What is the fergie total overhead rate

Q : Find extension if elastic potential energy is same

Q : Determine the number of moles of gas

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