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On June 30, 2015, MetroMedia, Inc. purchased 10,000 shares of Mitek stock for $20 per share. The following information pertains to the fair value of

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On June 30, 2015, MetroMedia, Inc. purchased 10,000 shares of Mitek stock for $20 per share. The following information pertains to the fair value of Mitek stock: 12/31/2015 12/31/2016 Per Share $24 31 Required: Assume that MetroMedia management purchased the Mitek stock as trading securities. Prepare the journal entries required on each date given. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Vow transaction list Journal entry worksheet Record the purchase of 10,000 shares of Mitek for $20 per share. Note: Enter debits before credits Date General Journal Debit Credit June 30, 2015 Record entry Clear entry View goneral Journel

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