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make journal entries During 2021, Penmy Worth Financial Corporation had the following trading investment trankactions: Feb. 1 Purchased 630CBF common shares for 339.060 Mar, 1
make journal entries
During 2021, Penmy Worth Financial Corporation had the following trading investment trankactions: Feb. 1 Purchased 630CBF common shares for 339.060 Mar, 1 Purchased 810 RSD common shares for $26.730. Apr. 1 Purchased 7. MRT bonds at face value, for $54,800. Penny Worthreceived interest from these bonds iemi acmially On April 1 and October 1. July 1 Recelved a cashdividend of $9 per share on the CBF common shares. Aug. 1 Sold 190 cEF commonstares at $60 ger share. Oct. 1 Recelved the semi-annual interest on the MrT bonds. 1 Sold the MRT bonds for $56.$00. DeC 30 RSD declared a dividend of \$1.40 pershare. nayable on January 15 next year Dec: 31 The market prices of the CIF and R5D common shares were 557 and $35 per ahave, respectivelw: Record the above transactions, including any required adpustirg entries, using the fair valie throcigh beofit or loss model it at at Entry" for the occount tities and enter Ofor the amounts). WileyPLUS Assignmentig- Chapters 11812 Question 5 of 6 Aug. 1 (To record interest on the MRI bonds.) Question 5 of 6 (To record sale of MRT bonds) eTextbook and Media List of Accounts Save for uater Attempts: 0 of 3 used Solbme Aurwar Step by Step Solution
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