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During the year ended December 31,2018, and in the following months of January and February 2019, Tarjee Inc. had the following transactions pertaining to its
During the year ended December 31,2018, and in the following months of January and February 2019, Tarjee Inc. had the following transactions pertaining to its held for trading investments tion $ 5, preferred shares for $ 208,000 cash. Apr. July 1 1 Purchased 2.000 Starr Corporat Received quarterly cash dividend. 2 Sold 500 Starr shares for $57,500cash. Oct. 1, Received quarterly cash dividend. Nov 22 Strr declared the quarterly dividend on November 22 to preferred shareholders of record on December 15, payable on January 1. Dec 31 Starr's shares were trading at $ 116 per share. Jan. 31 Due Feb. 15 Tarjee sold an additional 500 Starr shares after the market recovered to $ 118 per share. to an urgent nped for cash, 700 Starr Corporation shares were sold despite a drop in the share price to $ 88 per share. Part 1 Record the above transactions, using the fair value through profit or loss model. Prepare any required adjusting entries at Decembe 1 Credit account titles are automatically indented when the amount is entered. Do not indent manually.If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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