It is year 1, the White Caps Ltd's first year of operations. White Caps Ltd had the following transactions regarding their investments May 1 Purchased 600 Jerry Co.common shares for $200 per share. This investment is classified as held for trading June 1 Purchased 1,000 bonds of Larry Inc. at $500 each. These bonds pay interest at a rate of 6% paid semi-annually on November 30 and May 31. These bonds were also purchased for trading purposes July 1 Purchased 4.000 Barry Ltd. common shares for $350 per share. These shares represent 25% of the issued common shares of Barry itd. Because of this investment, the directors of Barry Ltd. invited a White Caps Ltd. executive to sit on their board Sept. 1 Received a 5-per-share cath dividend from Barry Lad Nov. 1 Sold 200 Jerry Co. common shares for $315 per share 30 interest on the Larry Inc bonds was received Dec. 15 A SOS0-per-share cath dividend on Jerry Co.common shares was received 31 As of this date the following fair values and net income information was identified $275 per Jerry Co share 5365 per Barry Ltd, share $505 per Larry ne bond Barry Ltd. reported net income for the year ended December 31, Year 1 of 500.000 White Capstod, use the PVTP. (fair value through profit or tous method when accounting for non-trange vetments, and the equity method when accounting for tetapi memnunti Instructions a) Record the above transactions for the dates May to Dec 15 (10 marke (6) Prepare all centary adjusting entries on December 31". Your empired to report the investments at the propriate value and any accrued mestnut were mark Note - Piese do not respond to the question in the text box below. Tristeede word documentelor photos of your handwritten work to your work Witten Work under the Final Dam Week of Moodle. Thank you! Type here to search O ! It is year 1, the White Caps Ltd's first year of operations. White Caps Ltd had the following transactions regarding their investments May 1 Purchased 600 Jerry Co.common shares for $200 per share. This investment is classified as held for trading June 1 Purchased 1,000 bonds of Larry Inc. at $500 each. These bonds pay interest at a rate of 6% paid semi-annually on November 30 and May 31. These bonds were also purchased for trading purposes July 1 Purchased 4.000 Barry Ltd. common shares for $350 per share. These shares represent 25% of the issued common shares of Barry itd. Because of this investment, the directors of Barry Ltd. invited a White Caps Ltd. executive to sit on their board Sept. 1 Received a 5-per-share cath dividend from Barry Lad Nov. 1 Sold 200 Jerry Co. common shares for $315 per share 30 interest on the Larry Inc bonds was received Dec. 15 A SOS0-per-share cath dividend on Jerry Co.common shares was received 31 As of this date the following fair values and net income information was identified $275 per Jerry Co share 5365 per Barry Ltd, share $505 per Larry ne bond Barry Ltd. reported net income for the year ended December 31, Year 1 of 500.000 White Capstod, use the PVTP. (fair value through profit or tous method when accounting for non-trange vetments, and the equity method when accounting for tetapi memnunti Instructions a) Record the above transactions for the dates May to Dec 15 (10 marke (6) Prepare all centary adjusting entries on December 31". Your empired to report the investments at the propriate value and any accrued mestnut were mark Note - Piese do not respond to the question in the text box below. Tristeede word documentelor photos of your handwritten work to your work Witten Work under the Final Dam Week of Moodle. Thank you! Type here to search O
