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hello kindly answer plsss PROBLEM 2(Use 6-column worksheet) You are engaged to audit the marketable securities of BATCH215 Company. In your inquiries, the accountant presented
hello kindly answer plsss
PROBLEM 2(Use 6-column worksheet) You are engaged to audit the marketable securities of BATCH215 Company. In your inquiries, the accountant presented to you the account of investments. Particulars Date 2015 Debit Credit 1-Jan 75,000 15-Mar 200,000 Beginning balance Purchased 2,000 shares of GRAZE common at P100 per share P2.000 for commission Sold 50 shares of BARTOLMS Co. at P10 per share, less P15 for commission Received 50% stock dividend from BART Co. 10-Apr 500 30-Jun 4,950 15-Jul Received 50% stock dividend from RICH, Inc. 5,400 3,000 11.500 26,000 4,240 1,000 31-Jul Sold 100 shares of Rich, Inc. at P30 each, P30 commission Purchased 10 BERTOLDS Bonds at 110, plus interest accrued to 1-Oct date; commission amounted to P110 Proceeds from sale of 200 shares of GRAZE; no commission 15-Nov involved 1-Dec Proceeds from sale of 4 bonds at 105, including interest to date; commission involved amounted to P42 Sold 50 shares of BARTOLMS at P20 per share, no commission 30-Dec involved Additional information that were found helpful to your analysis are as follows: Beginning balance (agrees with your working papers last year) 1. BARTOLMS, COMMON - 5.000 shares P 11,000 2. RICH, INC., COMMON - 900 shares 19,000 3. YLEVOL Corp., COMMON - 15,000 shares 45,000 Commission were recorded as expense Details of BERTOLDS Bonds: 1. Face value P 1,000 per bond 2. Interest rate 12% 3. Interest dates May 1 and November 1 Required: Prepare the following: Adjusting entries - December 31, 2015 Working papersStep by Step Solution
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