Hi! i dont really understand how to do this question so it would be really great if someone could explain the steps as well

Rios Co s a regional insurance company that began operations on January 1, 2012. The following selected transactions relate to investments acquired by Rios Co which has a fiscal year ending on December 31 Record these transactions on page 10 2012 Feb 1 May 1 July Purchased 7,500 shares of Caldwell Inc common stock at $50 per share plus a brokerage commission of S75. Caldwell has 100,000 shares of common stock outstanding Purchased securities of Holland inc as a trading investment for 125,000 1 Sold 4 500 shares of Caldwell Inc. for $46 per share less a $110 brokerage commission 31 Received an annual dividend of 50.50 per share on 3,000 shares of Caldwelline stock Sold the remaining shares of Calowed in for $51 per share loss a 590 brokerage commission 31 The trading securities of Holland Inc have a fair value on December 31 of 5120,000. Nov 15 Dec Record these transactions on page 11 2013 ADI Oct 14 Purchased securities of Fuller Inc as a trading investment for 5125,000 Sold securities of Fuller Inc. that cost $25.000 for $30.000 The tair values of the Hollanding and Faler in Securities are as follows Dec 31 Issuing Company Cost Fair Value Holland Inc $126,000 $132.500 Fuller Inc 100.000 115,600 Required: 1. Journalre the entries to record the preceding transactions, including any December 31 adjusting entries. Refer to the chart of accounts for the exact wording of the accountitles CNOW Journals do not use lines for journal explanations. Every Nine on a journal page is used for debitor credit entries, CNOW journals will automatically indent a credit entry when a credit amount is entered. Round your intermediate calculations to two decimal places and round your final answers to the nearest collar Prepare the Trading Investments section of the December 312013 balance sheet for Ros Co. Be sure to complete statement heading Boter to the Chart of Accounts and the Nat of Labets and Amount Descriptions for the exact wording of the answer choices for text entries Colon () will is in whare needed 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rion Co.? Labels and Amount Descriptions Labels Current assets Current liabilities December 31, 20Y3 Amount Descriptions Net income Net loss Other income (loss) Other comprehensive income (loss) Trading investments (at cost) Trading investments (at fair value) pourraize the entries to record 2012 transactions. Refer to the chart of accounts for the exact wording of the account the CNOW journals do not use lines for journal lanations Every ine on a journal page is used for debitor credit entries. CNOW journals will automatcaly indent a credit entry when a credit amount is entered Round intermediate calculations to two decimal places and round your final answers to the nearest dollar PAGE 10 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST NET DEN CREDIT ASSETS LILITIES EQUITY Journal bunakze the entries to record 2073 transactions. Refer to the chart of accounts for the exact wording of the account titles. CHOW Jumats do not use Anes for journal ations. Every dine on a journal page s used for debit of credit entries. CNOW journals will automatically indent e credit entry when a credit amount is entered Round prermediate calculations to two decimal places and round your final answers to the nearest doftar. PAGE 1 JOURNAL ACCOUNTING EQLIATION DOTE DESCRIPTION POST RER DEBIT CREDIT ASSETS LIABILITIES EQUITY Adjusting Entries Instructions Rios Co. is a regional insurance company that began operations on January 1, 2012. The following selected transactions relate to investments acquired by Rios Co., which has a fiscal year ending on December 31: Record these transactions on page 10 20Y2 Feb May July 1 Purchased 7,500 shares of Caldwell Inc. common stock at $50 per share plus a brokerage commission of $75. Caldwell has 100.000 shares of common stock outstanding 1 Purchased securities of Holland Inc as a trading investment for $126,000 Sold 4,500 shares of Caldwell Inc. for S46 per share less a 110 brokerage commission 31 Received an annual dividend of 50.50 per share on 3,000 shares of Caldwell Inc. stock Sold the remaining shares of Caldwell Inc for S51 per share less a $90 brokerage commission 31 Tho trading securities of Holland Inc. have a fair value on December 31 of $120,000, 1 Nov 15 Dec Record these transactions on page 11 20Y3 Apr 1 Purchased securities of Fuller Inc as a trading investment for S125,000, 20Y3 Apr. 1 Oct 14 Purchased securities of Fuller Inc. as a trading investment for S125,000. Sold Securities of Fuller Inc that cost $25,000 for $30,000. 31 The fair values of the Holland Inc and Fuller Inc. securities are as follows: Dec Issuing Company Cost Fair Value Holland Inc $126.000 $132,500 Fuller Inc 100,000 115,600 Required: 1. Journalize the entries to record the preceding transactions, including any December 31 adusting entries Refer to the chart of accounts for the exact wording of the account titles. CNOW joumais do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered Round your intermediate calculations to two decimal places and round your final answers to the nearest dollar. 2. Prepare the Trading Investments section of the December 31, 2043, balance sheet for Rios Co. Be sure to complete the statement heading Refer to the Chart of Accounts and the ist of Labels and Amount Descriptions for the exact wording of the answer choices for text entries Calons () wiw fur in where needed 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios Co.? 2043 Apr. 1 Oct Purchased securities of Fuller Inc as a trading investment for S125,000 14 Sold securities of Fuller Inc. that cost $25,000 for $30,000. 31 The fair values of the Holland Inc and Fuller Inc securities are as follows: Dec Issuing Company Cost Fair Value Holland Inc $126,000 $132.500 Fuller Inc 100,000 115,600 Required: 1. Journalize the entries to record the preceding transactions, including any December 31 adjusting entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW Journals do not use Nnes for journal explanations Every line on a journal page is used for debir or credit entries. CNOW journals ww automatically ident a credit entry when a credit amount is entered. Round your intermediate calculations to two decimal places and round your final answers to the nearest dollar. 2. Prepare the Trading Investments section of the December 31, 2013, balance sheet for Rios Co. Be sure to complete the statement neading Refer to the Chart of Accounts and the list of Labels and Amount Descriptions for the oxact wording of the answer choices for text entries. Colons() www in where needed 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios Co.? 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios CO? Unrealized gains and losses on trading investments are reported on the Rios Co. would have reported an reported an Rios Co., then they would be For 20Y2 For 20Y3, Rios Co would have If unrealized gains and losses were significant for Labels Current assets Current liabilities December 31, 2073 Amount Descriptions Net income Net loss Other income (loss) Other comprehensive income (loss) Trading investments (at cost) Trading investments (at fair value) Journal 1a Journakze the entries to record 2072 transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines forja explanations. Every line on a journal page is used for debit or credit entries. CNOW journals wil automatically indent e credit entry when a credit amount is entered R your intermediate calculations to two decimal places and round your final answers to the nearest dollar. Rios Co s a regional insurance company that began operations on January 1, 2012. The following selected transactions relate to investments acquired by Rios Co which has a fiscal year ending on December 31 Record these transactions on page 10 2012 Feb 1 May 1 July Purchased 7,500 shares of Caldwell Inc common stock at $50 per share plus a brokerage commission of S75. Caldwell has 100,000 shares of common stock outstanding Purchased securities of Holland inc as a trading investment for 125,000 1 Sold 4 500 shares of Caldwell Inc. for $46 per share less a $110 brokerage commission 31 Received an annual dividend of 50.50 per share on 3,000 shares of Caldwelline stock Sold the remaining shares of Calowed in for $51 per share loss a 590 brokerage commission 31 The trading securities of Holland Inc have a fair value on December 31 of 5120,000. Nov 15 Dec Record these transactions on page 11 2013 ADI Oct 14 Purchased securities of Fuller Inc as a trading investment for 5125,000 Sold securities of Fuller Inc. that cost $25.000 for $30.000 The tair values of the Hollanding and Faler in Securities are as follows Dec 31 Issuing Company Cost Fair Value Holland Inc $126,000 $132.500 Fuller Inc 100.000 115,600 Required: 1. Journalre the entries to record the preceding transactions, including any December 31 adjusting entries. Refer to the chart of accounts for the exact wording of the accountitles CNOW Journals do not use lines for journal explanations. Every Nine on a journal page is used for debitor credit entries, CNOW journals will automatically indent a credit entry when a credit amount is entered. Round your intermediate calculations to two decimal places and round your final answers to the nearest collar Prepare the Trading Investments section of the December 312013 balance sheet for Ros Co. Be sure to complete statement heading Boter to the Chart of Accounts and the Nat of Labets and Amount Descriptions for the exact wording of the answer choices for text entries Colon () will is in whare needed 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rion Co.? Labels and Amount Descriptions Labels Current assets Current liabilities December 31, 20Y3 Amount Descriptions Net income Net loss Other income (loss) Other comprehensive income (loss) Trading investments (at cost) Trading investments (at fair value) pourraize the entries to record 2012 transactions. Refer to the chart of accounts for the exact wording of the account the CNOW journals do not use lines for journal lanations Every ine on a journal page is used for debitor credit entries. CNOW journals will automatcaly indent a credit entry when a credit amount is entered Round intermediate calculations to two decimal places and round your final answers to the nearest dollar PAGE 10 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST NET DEN CREDIT ASSETS LILITIES EQUITY Journal bunakze the entries to record 2073 transactions. Refer to the chart of accounts for the exact wording of the account titles. CHOW Jumats do not use Anes for journal ations. Every dine on a journal page s used for debit of credit entries. CNOW journals will automatically indent e credit entry when a credit amount is entered Round prermediate calculations to two decimal places and round your final answers to the nearest doftar. PAGE 1 JOURNAL ACCOUNTING EQLIATION DOTE DESCRIPTION POST RER DEBIT CREDIT ASSETS LIABILITIES EQUITY Adjusting Entries Instructions Rios Co. is a regional insurance company that began operations on January 1, 2012. The following selected transactions relate to investments acquired by Rios Co., which has a fiscal year ending on December 31: Record these transactions on page 10 20Y2 Feb May July 1 Purchased 7,500 shares of Caldwell Inc. common stock at $50 per share plus a brokerage commission of $75. Caldwell has 100.000 shares of common stock outstanding 1 Purchased securities of Holland Inc as a trading investment for $126,000 Sold 4,500 shares of Caldwell Inc. for S46 per share less a 110 brokerage commission 31 Received an annual dividend of 50.50 per share on 3,000 shares of Caldwell Inc. stock Sold the remaining shares of Caldwell Inc for S51 per share less a $90 brokerage commission 31 Tho trading securities of Holland Inc. have a fair value on December 31 of $120,000, 1 Nov 15 Dec Record these transactions on page 11 20Y3 Apr 1 Purchased securities of Fuller Inc as a trading investment for S125,000, 20Y3 Apr. 1 Oct 14 Purchased securities of Fuller Inc. as a trading investment for S125,000. Sold Securities of Fuller Inc that cost $25,000 for $30,000. 31 The fair values of the Holland Inc and Fuller Inc. securities are as follows: Dec Issuing Company Cost Fair Value Holland Inc $126.000 $132,500 Fuller Inc 100,000 115,600 Required: 1. Journalize the entries to record the preceding transactions, including any December 31 adusting entries Refer to the chart of accounts for the exact wording of the account titles. CNOW joumais do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered Round your intermediate calculations to two decimal places and round your final answers to the nearest dollar. 2. Prepare the Trading Investments section of the December 31, 2043, balance sheet for Rios Co. Be sure to complete the statement heading Refer to the Chart of Accounts and the ist of Labels and Amount Descriptions for the exact wording of the answer choices for text entries Calons () wiw fur in where needed 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios Co.? 2043 Apr. 1 Oct Purchased securities of Fuller Inc as a trading investment for S125,000 14 Sold securities of Fuller Inc. that cost $25,000 for $30,000. 31 The fair values of the Holland Inc and Fuller Inc securities are as follows: Dec Issuing Company Cost Fair Value Holland Inc $126,000 $132.500 Fuller Inc 100,000 115,600 Required: 1. Journalize the entries to record the preceding transactions, including any December 31 adjusting entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW Journals do not use Nnes for journal explanations Every line on a journal page is used for debir or credit entries. CNOW journals ww automatically ident a credit entry when a credit amount is entered. Round your intermediate calculations to two decimal places and round your final answers to the nearest dollar. 2. Prepare the Trading Investments section of the December 31, 2013, balance sheet for Rios Co. Be sure to complete the statement neading Refer to the Chart of Accounts and the list of Labels and Amount Descriptions for the oxact wording of the answer choices for text entries. Colons() www in where needed 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios Co.? 3. How are unrealized gains or losses on trading investments presented on the financial statements of Rios CO? Unrealized gains and losses on trading investments are reported on the Rios Co. would have reported an reported an Rios Co., then they would be For 20Y2 For 20Y3, Rios Co would have If unrealized gains and losses were significant for Labels Current assets Current liabilities December 31, 2073 Amount Descriptions Net income Net loss Other income (loss) Other comprehensive income (loss) Trading investments (at cost) Trading investments (at fair value) Journal 1a Journakze the entries to record 2072 transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines forja explanations. Every line on a journal page is used for debit or credit entries. CNOW journals wil automatically indent e credit entry when a credit amount is entered R your intermediate calculations to two decimal places and round your final answers to the nearest dollar