Assessing Financial Statement Effects of Marketable Equity Securities:

Use the financial statement effects template to record the following four transactions involving investments in marketable equity securities. Assume that these transactions occur in 2018.

a). purchased 18,000 common shares of Baez Inc. for $12 cash per share

b). recieved a cash dividend of $1.20 per common share from Baez

c). year-end market price of Baez common stock was $11.25 per share

d). sold all 18,000 common shares of Baez for $213,600

Balance Sheet Earned Transaction Cash Asset + Assets = Liabilities + Capital + Capital Noncash Contributed Income Statement Revenue ExpensesNet Income