Following is information for Sarasota Lte's investments held for trading Sarasota is a public company and has a December 31 year end, 2021 Sept. 28 Oct. 1 Purchased 3,200 shares of Cygman Limited for $36 per share. Purchased $270,000 of Rauk Inc.4% bonds at face value. The bonds pa interest semi-annually on April 1 and October 1 Sold 1.700 Cygman shares for $38 per share. Received $1.50 per share dividend from Cygman. Cyeman shares were trading at $34 per share and the Rauk bonds were trading at 101. Nov 12 Dec 1 31 2022 Mar 31 Sold the remaining Cygman shares for $36 per share. 2022 Mar. 31 Apr 1 Sold the remaining Ciman shares for $36 pershare Received interest on the Rauk bonds Received interest on the Rauk bands. Rauk bonds were trading at 102 Oct 1 Doc 31 Record the above transactions, including any required adjusting entries. for 2021 2022. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. o entry is required, select "No Entry for the account titles and enter for the amounts) 2021 Date Account Titles and Explanation Debit Credit Record the above transactions, including any required adjusting entries for 2021 and 2022. (Credit occount 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 for the amounts.) 2021 Date Debit Credit Account Titles and Explanation Investments at FVTPL Sept 28 115200 Cash I 115200 To record purchase of investment) Oct 1 Investments at FVTPL 270000 Canh 270000 Oct Investments VIPL 270000 Cash 270000 (To record purchase of investment Nov 12 Cash 66600 (To record sale of investment Dec 1 De (Collection of dividend) Dec 31 (To accrue interest revenue) Dec 31 (To record fair value adjustment.) 2022 Date Account Titles and Explanation Debit Credit To record sale of investment to record of rivestment (Collection of interest receivable) (To record collection of interest.) (To record collection of interest.) (To accrue interest revenue.) 1 (To record fair value adjustment) Attempts: 0 of 1 used Submit Answer minutes Following is information for Sarasota Lte's investments held for trading Sarasota is a public company and has a December 31 year end, 2021 Sept. 28 Oct. 1 Purchased 3,200 shares of Cygman Limited for $36 per share. Purchased $270,000 of Rauk Inc.4% bonds at face value. The bonds pa interest semi-annually on April 1 and October 1 Sold 1.700 Cygman shares for $38 per share. Received $1.50 per share dividend from Cygman. Cyeman shares were trading at $34 per share and the Rauk bonds were trading at 101. Nov 12 Dec 1 31 2022 Mar 31 Sold the remaining Cygman shares for $36 per share. 2022 Mar. 31 Apr 1 Sold the remaining Ciman shares for $36 pershare Received interest on the Rauk bonds Received interest on the Rauk bands. Rauk bonds were trading at 102 Oct 1 Doc 31 Record the above transactions, including any required adjusting entries. for 2021 2022. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. o entry is required, select "No Entry for the account titles and enter for the amounts) 2021 Date Account Titles and Explanation Debit Credit Record the above transactions, including any required adjusting entries for 2021 and 2022. (Credit occount 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 for the amounts.) 2021 Date Debit Credit Account Titles and Explanation Investments at FVTPL Sept 28 115200 Cash I 115200 To record purchase of investment) Oct 1 Investments at FVTPL 270000 Canh 270000 Oct Investments VIPL 270000 Cash 270000 (To record purchase of investment Nov 12 Cash 66600 (To record sale of investment Dec 1 De (Collection of dividend) Dec 31 (To accrue interest revenue) Dec 31 (To record fair value adjustment.) 2022 Date Account Titles and Explanation Debit Credit To record sale of investment to record of rivestment (Collection of interest receivable) (To record collection of interest.) (To record collection of interest.) (To accrue interest revenue.) 1 (To record fair value adjustment) Attempts: 0 of 1 used Submit Answer minutes
