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cand accounting for debt and equity investments generated excess cash and invested in securities as follows: A Classifying and acco way Corporation generated P15-194 Clas

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cand accounting for debt and equity investments generated excess cash and invested in securities as follows: A Classifying and acco way Corporation generated P15-194 Clas Jetway Co 2018 Purchased 4,200 shares of Jul. 2 ased 4,200 shares of Pogo, Inc. common stock at $12.00 per share. v plans to sell the stock within three months, when the company ed the cash for normal operations. Jetway does not have Aug. 21 Received a will need the cash for normal or significant influence over Pogo. ceived a cash dividend of $0.80 per share on the Pogo stock investment 16 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. 31 Received a $100 interest payment from Violet. 31 Adjusted the Violet bond to its market value of $22.000. Requirements Classify each 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

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