Marigold Corporation made the following purchases of investments during 2023, the first year in which Marigold invested in equity securities: 1. On January 25 it purchased 8.190 shares of Nirmala Corp.s common shares at $30.50 per share plus commission of $1,803. 2. On Apri 1. it purchased 4.550 shares of Oxana Corp's common shares at $47 per share plus commission of $3.067. 3. On Septemper 10, it purchased 6,370 shares of WTA corp's preferred shares at $24.10 per share plus commission of $2,648. On Ma 20,2023 . Marigold sold 2.730 of the Nimala comman shares at a market price of $32 per share less brokerage commissions of $2,594. The year-end far values per share vere es follows: Nirmala $27. Oxana \$50. and WTA $25. The chief accountant of Marigold tells you that Marigold holds these ins tments with the intention of selling them to earn short-term profits from appreciation in their prices and ace ounts for them using the FV-NI model Marigold follows IFRS. Marigold Corporation made the following purchases of investments during 2023, the first year in which Marigold invested in equity securities: 1. On January 25 it purchased 8.190 shares of Nirmala Corp.s common shares at $30.50 per share plus commission of $1,803. 2. On Apri 1. it purchased 4.550 shares of Oxana Corp's common shares at $47 per share plus commission of $3.067. 3. On Septemper 10, it purchased 6,370 shares of WTA corp's preferred shares at $24.10 per share plus commission of $2,648. On Ma 20,2023 . Marigold sold 2.730 of the Nimala comman shares at a market price of $32 per share less brokerage commissions of $2,594. The year-end far values per share vere es follows: Nirmala $27. Oxana \$50. and WTA $25. The chief accountant of Marigold tells you that Marigold holds these ins tments with the intention of selling them to earn short-term profits from appreciation in their prices and ace ounts for them using the FV-NI model Marigold follows IFRS. Prepare the joumal entries to record the three investments. Credit account titles are dutomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Record entries in the order displayed in the problem statement. List all debit entries before credit entries) the amount is entered. Do not indent monualiy. If no entry is required, select "No Entry' for the account titles ond enter o for the omounts. List all debit entries before credit entries.) Prepare the adjusting entry needed on December 31, 2023 . (Credit account vitles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List debit entry beforecredit entry)
