Mail 4 You Corporation generated excess cash and invested in securities as follows:

2018.

Jul 2 Purchased 4,100 shares of Net Inc common stock at $13 per share. Mail 4 You plans to sell the stock within three months, when the company will need the cash for normal operations. Mail 4 You does not have significant influence over Net.

Aug 21 Received a cash dividend of 0.70 per share on the net stock investment.

Sep 16 Sold the net stock for 14.80 per share

Oct 1 Purchased a Volton bond for $28,000 at face value. Mail 4 You classifies the investment as tradign and short term.

Dec 31 Received a $120 interest payment from Volton

Dec 31 Adjusted the Volton bond to its market value of $33,000

Requirements: 1. Classify each of the investments made during 2018. (Assume the equity investments represent less than 20% of ownership of outstanding voting stock.)

2. Journalize the 2018 transactions. Explanations are not required. 3. Prepare T-accounts for the investment assets, and show how to report the investments on Mail 4 You's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported?