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17a 12/5/18 Provide the entries and adjustments below for question 17 The company made cash purchases of 25,000 shares of Carrot Corp.'s preferred stock at

17a

12/5/18

Provide the entries and adjustments below for question 17

The company made cash purchases of 25,000 shares of Carrot Corp.'s preferred stock at $21.60 per share plus commission $3,650; 1,000 shares of Pepper Co.'s common stock at $6.50 plus commission $890; and 17,000 shares of Onions Inc.s preferred stock at $13.75 per share plus commission $1,860.

No. of Stocks Market price Commission
Carrot's preferred stock
Pepper's preferred stock
Onions' preferred stock
12/5/18
17b 12/25/18 The company sold 10,000 shares of Carrot Corp.s preferred stock at a market price of $26.25 per share less brokerage commissions, taxes, and fees of $1,550.
Carrot's preferred stock
Market price
Commission
12/25/18
17c 12/31/18 The year-end fair values per share were: Carrot $30.00, Pepper $6.10, and Onions $14.50. Adjusting entries should be provided on Tab 6.
Market value Cost Fair value Unrealized Gain/Loss
Carrot's shares
Pepper's shares
Onions' shares
Total
12/31/2018 Use =ABS function

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