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EA-4 (Algo) Recording Transactions in the Equity Securities Portfolio LOA-2 On March 10, 2019, Dearden, Inc., purchased 11,600 shares of Jaffa stock for $47 per
EA-4 (Algo) Recording Transactions in the Equity Securities Portfolio LOA-2 On March 10, 2019, Dearden, Inc., purchased 11,600 shares of Jaffa stock for $47 per share as a long-term passive investment. Dearden's year ends on December 31. The following information pertains to the price per share of Jaffa stock: 12/31/2019 12/31/2020 12/31/2021 Stock Price $45 48 44 Dearden sold all of the Jaffa stock on September 12, 2022, at a price of $42 per share. Prepare any journal entries that are required by the facts presented in this case. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the cash received from the sale of the equity securities on September 12, 2022 Note: Enter debits before credits. Date General Journal Debit Credit Sep. 12, 2022 Record entry Clear entry View general journal Journal entry worksheet on September Record the cash receivec 12, 2022. No journal entry required Bonds payable Cash Dividend revenue Note: Enter debits before credit Debit Credit Date Sep. 12. 2022 Record entry Clear entry View general journal Journal entry worksheet on September Record the cash received 12, 2022. Investments Loss on sale of investments Property and equipment Unrealized gain Unrealized loss Note: Enter debits before credit Debit Credit Date Sep. 12. 2022 Record entry Clear entry View general journal
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