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Current Attempt in Progress During 2024, Marx Financial Corporation had the following trading investment transactions: Jan. 5 Purchased 365 FBC common shares for $95
Current Attempt in Progress During 2024, Marx Financial Corporation had the following trading investment transactions: Jan. 5 Purchased 365 FBC common shares for $95 per share. Jan 15 Purchased 550 DSR common shares for $71,500. Feb. 1 Purchased 4% TMR bonds at face value, for $81,100. Marx will receive interest from these bonds semi-annually on Feb. 1 and Aug. 1. 4 Jun 1 Received a cash dividend of $1 per share on the DSR common shares Aug 1 Received the semi-annual interest on the TMR bonds. Aug 1 Sold the TMR Bonds for $79.130. Dec 1 Sold 52 FBC common shares at $89 per share, Dec. 30 DSR declared a dividend of $2.40 per share payable on January 30 next year. Dec. 31 The market prices of the FBC and OSR common shares were 583 and $135 per share, respectively SUPPORT 341PM 00 IN Determine the balance in each of the statement of income accounts that is affected in the transactions above and indicate how the accounts would be presented on the statement of income for the year ended December 31, 2024. (Enter loss using either a negative sign preceding the number eg.-2.945 or parentheses eg. (2,945)) MARX FINANCIAL CORPORATION Statement of Income (Partial) ING SU
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