ces April 16 Purchased 4,500 shares of OnPoint Company stock at $30 per share. Purchased 3,000 shares of Eco Company stock at $55 per share. July 7 July 20 Purchased 1,400 shares of Lafayette Company stock at $22 per share. August 15 Received an $1.10 per share cash dividend on the OnPoint Company stock. August 28 Sold 2,780 shares of OnPoint Company stock at $33 per share. Received a $5.20 per share cash dividend on the Eco Company shares. October 1 December 15 Received a $1.30 per share cash dividend on the remaining OnPoint Company shares. December 31 Received a $4.60 per share cash dividend on the Eco Company shares. GL1501 (Algo) - Based on Problem 15-4A LO P4 BGJ Corporation had no short-term Investments prior to this year. It had the following transactions this year Involving Investments with Insignificant Influence. IN IN IN IN Transaction Analysis Prepare journal entries to record each of the transactions and events. Prepare the year-end adjustment to fair valu View transaction Bat View journal entry worksheet Requirement No 1 2 3 14 8 5 16 General Journal Date Apr 16 Jul 07 Jul 20 Aug 15 Aug 28 Oct 01 Dec 15 Dec 31 Stock investments Cash General Ledger Stock investments Cash Stock investments Cash Cash Dividend revenue Cash Dividend revenue Cash Gain on sale of stock investments Stock investments Cash Dividend revenue Cash Trial Balance Fair Value Adj Account Title Fin St Impact Debit 135,000 165,000 30,800 4,950 89,100 Credit 135,000 165.000 30,800 4,950 bok ences April 16 July 7 July 20 August 15 August 28 October 1 December 15 Received a $1.30 per share cash dividend on the remaining OnPoint Company shares. December 31 Received a $4.60 per share cash dividend on the Eco Company shares. Received a $5.20 per share cash dividend on the Eco Company shares. Requirement Purchased 4,500 shares of OnPoint Company stock at $30 per share. Purchased 3,000 shares of Eco Company stock at $55 per share. Purchased 1,400 shares of Lafayette Company stock at $22 per share. Received an $1.10 per share cash dividend on the OnPoint Company stock. Sold 2,700 shares of OnPoint Company stock at $33 per share. Step 1 Step 2 Step 3 General Journal Trial Balance Fair Value Adj The year-end fair values per share are: OnPoint Company, $31.00; Eco Company, $53.50; and Lafayette Company, $19.00. Calculate the total cost and total fair value of the available-for-sale portfolio as of December 31, and calculate the amount of the required year-end adjusting entry, if any. Cost of investments at December 31: OnPoint Company stock Eco Company stock Lafayette Company Total cost General Ledger Fair value of investments at December 31: OnPoint Company stock Eco Company stock Lafayette Company Total fair value #of Shares Transaction Analysis #of Shares Total unrealized gainfloss as of December 31: Cost Fair Value ook BGJ Corporation had no short-term Investments prior to this year. It had the following transactions this year involving short-term stock Investments with Insignificant influence. April 16 July 7 July 28 August 15 August 28 October 1 Purchased 4,500 shares of OnPoint Company stock at $30 per share. Purchased 3,000 shares of Eco Company stock at $55 per share. Purchased 1,400 shares of Lafayette Company stock at $22 per share. Received an $1.10 per share cash dividend on the OnPoint Company stock. Sold 2,700 shares of OnPoint Company stock at $33 per share.. Received a $5.20 per share cash dividend on the Eco Company shares. December 15 Received a $1.30 per share cash dividend on the remaining OnPoint Company shares. December 31 Received a $4.60 per share cash dividend on the Eco Company shares. Requirement General Journal General Ledger Trial Balance Fair Value Adj Apr. 10) Purchased 4.500 shares of OnPoint Company stock at $30 per share Jul. 7) Purchased 3.000 shares of Eco Company stock at $55 per share For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Jul. 20) Purchased 1.400 shares of Lafayette Company stock at $22 per share Aug. 15) Received an $1.10 per share cash dividend on the OnPoint Company stock Aug 28) Sold 2,700 shares of OnPoint Company stock at $33 per share. Oct. 1) Received a $5.20 per share cash dividend on the Eco Company shares Dec 15) Received a $1.30 per share cash dividend on the remaining OnPoint Company shares Ded 31) Received a $4.00 per share cash dividend on the Eco Company shares Dec. 31) Adjusted the securities to year-and fair value Totals Fair Value Ad Transaction Analysis 15 Change in Total assets Fin St Impact As a component of net income 10$ Fin St Impact > Change in equity: As a direct component of stockholders equity 0 S Total change in equity $ 0 S 10 10 10 10 0 0 10 0 0 0 Show less GL1501 (Algo) - Based on Problem 15-4A LO P4 BGJ Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock Investments with Insignificant influence April 16 July 7 July 20 Purchased 4,500 shares of OnPoint Company stock at $30 per share. Purchased 3,000 shares of Eco Company stock at $55 per share. Purchased 1,400 shares of Lafayette Company stock at $22 per share. August 15 Received an $1.10 per share cash dividend on the OnPoint Company stock. August 28 Sold 2,700 shares of OnPoint Company stock at $33 per share. October 1 Received a $5.20 per share cash dividend on the Eco Company shares. December 15 Received a $1.30 per share cash dividend on the remaining OnPoint Company December 31 Received a $4.60 per share cash dividend on the Eco Company shares. Requirement General Journal General Ledger Total net income Trial Balance Fair Value Adj Transaction Analysis On the transaction analysis tab, you indicated that total income changed by Select the income statement account balances that prove this amount Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equity. < Transaction Analysis $ 0 0 0 0 sha share Fin St Impact Fin St Impact