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2. Journalie the th interest payment has already been rectic P10-19A Classifying and accounting for debt and equity investments Jerway Corporation generated excess cash and
2. Journalie the th interest payment has already been rectic P10-19A Classifying and accounting for debt and equity investments Jerway Corporation generated excess cash and invested in securities as follows: 2018 Jetway plans to sell the stock within three months, when the com will need the cash for normal operations. Jetway does not have significant influence over Pogo Jul. 2 Purchased 4.200 shares of Pogo, Inc. common stock at $12.00 per shar Received a cash dividend of $0.80 per share on the Pogo stock investment Aug. 21 Sold the Pogo stock for $13.40 per share. Purchased a Violet bond for $20,000 at face value. Jetway classifies the investment as trading and short-term. Received a $100 interest payment from Violet. Sep. 16 Oct. 1 Dec. 31 31 Adjusted the Violet bond to its market value of $22,000. Requirements 1. Classify cach of the investments made during 2018. (Assume the equity invest ments represent less than 20% of ownership of outstanding voting stock. 2. Journalize the 2018 transactions, Explanations are not required. 3. Prepare T accounts for the investment assets, and show how to report the invest ments on Jetway's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported? P10-20A Accountiou fou
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