Question
E17.14(LO2)(Equity Investment Entries)Capriati Corporation made the following cash investments during 2019, which is the first year in which Capriati invested in securities. 1.On January 15,
E17.14(LO2)(Equity Investment Entries)Capriati Corporation made the following cash investments during 2019, which is the first year in which Capriati invested in securities.
1.On January 15, purchased 9,000 ordinary shares of Gonzalez Company at $33.50 per share plus commission $1,980.
2.On April 1, purchased 5,000 ordinary shares of Belmont Co. at $52.00 per share plus commission $3,370.
3.On September 10, purchased 7,000 preference shares of Thep Co. at $26.50 per share plus commission $4,910.
On May 20, 2019, Capriati sold 3,000 shares of Gonzalez Company at a market price of $35 per share less brokerage commissions, taxes, and fees of $2,850. The year-end fair values per share were Gonzalez $30, Belmont $55, and Thep $28. In addition, the chief accountant of Capriati told you that Capriati Corporation plans to actively trade these investments.
can you help me solve this please
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