Investments in Debt and Equity Securities On January 1, 2009, Schultz, Inc., purchased the following securities:

On March 31, one-half of Security 2 was sold for $900. During the year, interest and dividends were received as follows:

The following fair market values are available on December 31, 2009. Schultz had no balance in its market adjustment accounts on January 1, 2009.

Required:
Record all necessary journal entries to account for these investments during 2009.

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Security Classification Cost 1 Debt Trading $2,500 2345 Debt Trading 1,500 Equity Trading 1,750 Debt Equity Available-for-sale 4,300 Available-for-sale 2,750