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in january 2022, the management of forbes corporation a publicly traded company decides that it has sufficient cash to purchase some debt and equity securities
in january 2022, the management of forbes corporation a publicly traded company decides that it has sufficient cash to purchase some debt and equity securities to be held as trading investments. during the year, the following transactions occurred. Feb 1 purchased 1,100 shares of NJK common shares for $49500. Mar 1 purchased 400 shares of SEK common shares $17,600 Apr 1 purchased 72 $1000 8% CRT bonds for $73,300. interests is receivable semi-annually on April 1 and October 1. July 1 received a cash dividend of $0.60 per share on the NJF common shares. August 1 sold 180 of NJK common shares at $43.00 per share. Sept 1 received $2per share cash dividend on the SEK common shares oct 1 received the semiannual interest on the CRT bonds. Oct 1 sold the CRT bonds for $77,640 at December 31 forbes fiscal year end, the fair values of the NJK and SEK common shares were $42 and $31 per share Identify the accounts typically used in recording Trading Investments and give the statement classification of each account. Account Financial Statement Section Cash Dividend Income Trading Investments Interest Income Realtred Gains on Trading Realed Lowes on Trading Und Gains on Trading Unrealized Losses on Trading
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