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its just saying refer to infomation because its the same type of question none of the numbers in the previous problems will be used on
its just saying refer to infomation because its the same type of question none of the numbers in the previous problems will be used on these problems
RE13-8 14 Reich bond RE13.9 124 bon Refer to the information in RE13-7. Assume that on June 30, Aggie received interest on the Smith Corporation boods, as well as a SI dividend per share interest on the Bike Company stock. Prepare the June 30 journal entries to record the receipt of the interest and the receipt of the dividends. Refer to the information in RE13.7. Assume that on December 31, 2016, the investment in Smith Corporation bonds has a market value of $12,300 and the investment in Bike Company stock has a market value of $5,500. Prepare the year-end journal entry to record the unrealized gain or loss. 10 Refer to the information in RE13.7. Assume that on February 1, 2017, Agstie sold its investment in Bike Com- 184pany stock for $6,400. Prepare the journal entries of Aggie Corporation to record the sale and adjustment of the unrealized gain or loss. 513.11 On February 1, 2017, Razorback Corporation decides to transfer its available for sale securities to the trading cat- 0 13. 5 egory. These securities had been purchased for $9,400 early in 2016 and had a fair value of $11,700 on December 31, 2016. On February 1, 2017, the securities have a fair value of $12,500. Prepare the journal entries to record RE13-8 14 Reich bond RE13.9 124 bon Refer to the information in RE13-7. Assume that on June 30, Aggie received interest on the Smith Corporation boods, as well as a SI dividend per share interest on the Bike Company stock. Prepare the June 30 journal entries to record the receipt of the interest and the receipt of the dividends. Refer to the information in RE13.7. Assume that on December 31, 2016, the investment in Smith Corporation bonds has a market value of $12,300 and the investment in Bike Company stock has a market value of $5,500. Prepare the year-end journal entry to record the unrealized gain or loss. 10 Refer to the information in RE13.7. Assume that on February 1, 2017, Agstie sold its investment in Bike Com- 184pany stock for $6,400. Prepare the journal entries of Aggie Corporation to record the sale and adjustment of the unrealized gain or loss. 513.11 On February 1, 2017, Razorback Corporation decides to transfer its available for sale securities to the trading cat- 0 13. 5 egory. These securities had been purchased for $9,400 early in 2016 and had a fair value of $11,700 on December 31, 2016. On February 1, 2017, the securities have a fair value of $12,500. Prepare the journal entries to record Step by Step Solution
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