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Hello I wondering if you can show how you got the correct answers on questions b through c. Thank you In January 20, the manager
Hello I wondering if you can show how you got the correct answers on questions b through c. Thank you
In January 20, the manager of the Construch to part-term eines de cartes Dhurate at the rote I Mer 1 Apr Purchase 46 Yoker bedst.40 na prader Haly 1 a cadend of the Hunger Aug 1 shes of groep Sept 1 chai per here cash dideen the mannen ock A Decemas, tetor was the Hunger common stock wes 16 share The of the was comments 2 por share chese traction date Stock Investments Conra choose a transaction dabe we choose the end dete of the accounting period choose the date erlorade of the accounting pered choose a transaction date umer the mouth transaction were dete choose the end date of the accounting period Choose the end dat er det bare of the counting period entre credit belang b Prepare the austing entry at December 31, 2020, to report the investment securities for value. Al sources are considered to be trading securities. (Credit accounttities are automatically indented when amount is entered. Do not indent manually. If no entry is required lect"No entry for the account titles and enter for the amounts.) Date Account Tities and Explanation Debt Credit enter an account title for the enter amount internat amount De adjusting entry on December 31 er a debil amount enter a credit amount enter an account litle for the adjusting entry on December 31 Show the balance sheet presentation of imment securities at December 31, 2020 choose the accounting period select an opening name for subsection one In January 2030, the management of Cullumber Company condutes that it has suficient cash to perm some short-term investments in debt and stock securities. During the year the folowing transactions occurred. Pub. 1 Purchased 400 shares of Muringer common stock for $22.000 Na Purchased to share of Taman common stock for $15,000. Apr 1 Purchased 40 $1,000,7 Yakem bonds for $4,400. Interest is payable Semuy on April 1 and October 1, July 1 Received a cash dividend of $0.70 por share on the Muninger common stock. Aug. 1 Sold 133 shares of Mininger common stock a $60 per share. Sept. 1 Received a $1 per share the vided on the Taman common stock Oct. 1 Received the semiannu intent on the You and Oct. 1 Sold the Yoake bands for $41,400. At December 31, the fair value of the Maninper common stock was $6 perstars. The far value of the Taman common stock mas $24 per share. Stock Investments Choose a transaction date date choose transaction etter at amount choose a transaction or a credit amount date Choose the end date of the accounting period choose the end date entera debit balance of the accounting period anter a credit balance choose a transaction data entera debit amount date choose a traction enbar a creat amount choose the end date of the accounting period choose the end date enter a debt balance of the accounting period enter a trebalance Prepare the adjusting entry at December 11, 2020, to report the investment securities at tsir value. Al securities are considered to be trading securities. Create account les ave automatically indented when amount is entered. Do not indent manually. If no entry is required, et "Ne entry for the account it and antro for the amounts.) Date Accountries and Explanation Debit Credit enter an account title for the Dec adjusting entry on December 31 enter a debit mount to a credit 31 enter an account title for the adjusting entry on December 31 enter a debt amount enter a credit amount (c) Show the balance sheet presentation of investment at December 31, 2020. choose the accounting period
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