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need some help During 2021, MaxxFinancial Corporation had the following tradinginvestment transactions: Fib. 1 Purchased 600CBF common shares for $36,600. Mar. 1 Purchased 800 RSD
need some help
During 2021, MaxxFinancial Corporation had the following tradinginvestment transactions: Fib. 1 Purchased 600CBF common shares for $36,600. Mar. 1 Purchased 800 RSD common shares for $24,800. Apr. Aurchased 7\% MRT bonds at face value, for $66,000. Marx received interest from these bonds semi- annually on April 1 and October 1. July 1 Received a cash dividend of $3 per share on the CBF common shares. Aa 1 Sold 190 CBF common shares at $59 per share Oct. 1 Received the semi-annual interest on the MKr bonds. 1. Sold the MRT bonds for $68,200 Dec. 30 RSD declared a dividend of $1.40 per share, payable on Janwary 15 next year. Dec 31 The market prices of the CBF and RSD common shares were $56 and $33 per share, respectively. Record the above trantactions, ineluding any required adjusting entries, using the fair value through profit or loss model. (List all debit entries before credit entries, Credit account titles are outomaticolly indented when the amount is entered. Do not indent manually. Record entries in the order presented in the question. Round answers to 0 decimal places, es. 5.250. If no entry is required, select "No Entry" for the account tidles and enter O for the amounts) Step by Step Solution
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