Adjust Year End SM Corporation completed the following transactions in the order given, relative to the portfolio of stocks held as equity investments measured at FV-NI Yeart Purchased 150 thares of Starbux Corporation common stock (par value 51) asso per share plus a brokerage commission of 4% and transfer costs of $50 on August 1 Year 1 2. Purchased 300 shares of Kolgate Corporation Class A common stock par value 10,50) at 335 per share plus transfer costs of 375 on September 15 Year 1 Year 2 1. Purchased 25 shares of Starbux Corporation common stock at 355 per share plus a brokerage commission of 4% and transfer costs of $60 on February 1 Year 2 2. Received declared cash dividends of $2.00 per share on the Kolgate Corporation Class A common stock on June 30, Year 2 3. Sold 75 shares of Starbux Corporation common stock at 55 per share on August 15 year 2 Year End Stock Prices Srba.com Kogans common stock Year 1 Year 2 500 Journal Entries for Year 1 Journal Entries for Year 2 a. Provide entries for SM Corporation for the purchases of equity Securities in Year 1 ACE Name Credit Datu talt 1.1 Debit 750 0 7.850 To reconditud St1 Year b. Provide entries for 5M Corporation to adjust securities to fair value on December 31 Year 1 Account Name Date Gal 1. Year! Debit Credit DM 0 OX To tuttavat Check c. sed WALL who Vena kantor Pos. Vous w 1 or with Pride the Adjust Year End SM Corporation completed the following transactions in the order given, relative to the portfolio of stocks held as equity investments measured at FV-NI Yeart Purchased 150 thares of Starbux Corporation common stock (par value 51) asso per share plus a brokerage commission of 4% and transfer costs of $50 on August 1 Year 1 2. Purchased 300 shares of Kolgate Corporation Class A common stock par value 10,50) at 335 per share plus transfer costs of 375 on September 15 Year 1 Year 2 1. Purchased 25 shares of Starbux Corporation common stock at 355 per share plus a brokerage commission of 4% and transfer costs of $60 on February 1 Year 2 2. Received declared cash dividends of $2.00 per share on the Kolgate Corporation Class A common stock on June 30, Year 2 3. Sold 75 shares of Starbux Corporation common stock at 55 per share on August 15 year 2 Year End Stock Prices Srba.com Kogans common stock Year 1 Year 2 500 Journal Entries for Year 1 Journal Entries for Year 2 a. Provide entries for SM Corporation for the purchases of equity Securities in Year 1 ACE Name Credit Datu talt 1.1 Debit 750 0 7.850 To reconditud St1 Year b. Provide entries for 5M Corporation to adjust securities to fair value on December 31 Year 1 Account Name Date Gal 1. Year! Debit Credit DM 0 OX To tuttavat Check c. sed WALL who Vena kantor Pos. Vous w 1 or with Pride the
