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During the fourth quarter of 2016, Spring, Inc., generated excess cash, which the company invested in trading securities as follows: 1 (Click on the icon

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During the fourth quarter of 2016, Spring, Inc., generated excess cash, which the company invested in trading securities as follows: 1 (Click on the icon to view the trading securities transactions.) Read the requirements. Requirement 1. The following T-accounts for Cash (including its beginning balance of $18,000), Investment in Trading Securities; Dividend Revenue; and Unrealized Gain (Loss) on Trading Securities have been opened. Jounalize the foregoing transactions and post to the T-accounts. Begin by preparing the journal entries for the transactions. (Record debits first, then credits. Exclude explanations from any joumal entries.) Nov 16: Purchased 1,100 common shares as an investment in trading securities, paying $8 per share. Journal Entry Date Accounts Debit Credit Nov 16

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