Question - Ryder Company, which began operations in 2011, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities.
2011
Jan 20 Purchased 1,000 shares of Ford Motor Co. at $26 per share plus a $125 commission.
Feb 9 Purchased 2,700 shares of Lucent at $32 per share plus a $195 commission.
Oct 12 Purchased 760 shares of Z-Seven at $7.60 per share plus a $95 commission.
2012
Apr 15 Sold 1,000 shares of Ford Motor Co. at $29 per share less a $295 commission.
July 5 Sold 760 shares of Z-Seven at $10.25 per share less a $90 commission.
July 22 Purchased 1,700 shares of Hunt Corp. at $32 per share plus a $225 commission.
Aug 19 Purchased 1,900 shares of Donna Karan at $14 per share plus a $100 commission.
2013
Feb 27 Purchased 3,700 shares of HCA at $32 per share plus a $420 commission.
Mar 3 Sold 1,700 shares of Hunt at $27 per share less a $130 commission.
June 21 Sold 2,700 shares of Lucent at $29.75 per share less a $37 commission.
June 30 Purchased 1,400 shares of Black & Decker at $47.50 per share plus a $595 commission.
Nov 1 Sold 1,900 shares of Donna Karan at $24.00 per share less a $119 commission.
Prepare journal entries to record these short-term investment activities for the years shown.