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i need the answer before 11pm today please!! The following transactions with respect to Financial Holdings'investments occurred during 2021: Jan. 15 Mar. 20 Purchased 1.500
i need the answer before 11pm today please!! The following transactions with respect to Financial Holdings'investments occurred during 2021: Jan. 15 Mar. 20 Purchased 1.500 common shares of Hazmi for $16.00 per share. The shares are designated as fair value through other comprehensive income. Received dividends on the PYK preferred shares of $1.50 per share Sold 700 of the Sabo common shares for $16.75 per share. Received dividends on the Sabo common shares of $2.00 per share. Received an additional 1,500 common shares of Hazmi as a result of a 2 for 1 stock split. June 15 Aug 5 Oct. 15 At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Price $17.00 Sabo common shares PYK $1.50 preferred shares 14.75 Hazmi common shares 7.50 Your answer is correct. Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) December 31, 2020 Current Assets Investments at Fair Value through Profit or Loss $ 41000 (b) Record Financial Holdings 2021 transactions and any required adjusting journal entries at December 31, 2021. (Credit account 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 O for the amounts. Record journal entries in the order presented in the problem. Round answer to decimal places eg. 5,276) Date Account Titles and Explanation Debit Credit (To record purchase of investment.) (Collection of dividend.) (Collection of dividend.) (To record sale of investment.) (Collection of dividend.) (Collection of dividend.) > (To record fair value adjustment.) > (To record fair value adjustment.) Svorite Attempts:0 of 2 used Submit
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