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Exercise 17-11 Tamarisk Corporation made the following cash purchases of securities during 2017, which is the first year in which Tamarisk invested in securities. On
Exercise 17-11 Tamarisk Corporation made the following cash purchases of securities during 2017, which is the first year in which Tamarisk invested in securities. On January 15, purchased 10,120 shares of Sanchez Company's common stack at $46.90 per share plus commisaion $2,100 1. 2. On April 1, purchased 5,120 shares of Vicario Ca.s common stock at $72.80 per share plus commission $3,400 On September 10, purchased 7,120 shares of VTA Co.'s preferred stock at $37.10 per share plus commission 3. 5.030. On May 20, 2017, Tamarisk sold 4,120 shares of Sanchez Company's comman stock at a market price of $49 per share less brokerage commissions, taxes, and fees of $3,970. The year-end fair values per share were Sancher s42, Vicario 577, and WTA $39.20. tn addition, the chief accountant of Tamarisk told you that the corporation plans to hold these securities or the long term bet ar s the in order to earn p its from appre atio in tes The o ty method of att unting is not appr ate , then w ck chase. Prepare the journal entries to record the above three security ourchases. (Round answers to 0 decimal places, e.g. 2,500 Credit account tiles are No Eatry for the account titles and enter O for the amounts) automatically indented when amount is entered. Do not indent manoally. II no entry is required, select Account Titles and Explanation (1) , Jan. 15, 2017 L Equity Investments Cash (2) Apt 1, 2017 Equity Investments Cash (3) . Equity Innvestments isep, 10,2012 26 182 Version 4.24.14.7 Division of lohnmessestret All Rights Reserved
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