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Mire Corporation had the following transactions involving investments in trading securities during the year. Prior to these transactions, Mire had never had any investments in
Mire Corporation had the following transactions involving investments in trading securities during the year. Prior to these transactions, Mire had never had any investments in trading securities. Prepare the required general journal entries to record these transactions 9 Feb. 16 Feb. 26 Mar. 2 Mar. 28 Apr. 20 Apr. 30 Purchased 800 shares of HM Corporation stock at $28 per share plus a $400 brokerage fee Purchased 500 shares of Sugarland Co. stock at $19 per share plus a $300 brokerage fee Received a $0.95 per share dividend Sold 200 shares of HM Corporation stock for $31 Sold 150 shares of Sugarland Co. stock at $17 per The company is preparing quarterly financial 2 per share less a 5150 brokerage fee share less a $100 brokerage fee 2 statements, prepare an adjusting entry for the fair value adjustment on the trading securities. At April 30, the HM stock has a fair value of $30 per share and the Sugarland stock has a fair value of 516 per share
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