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On June 30, 2016. Slick Rocks, Inc. purchased 9,100 shares of Sandstone stock for $16 per share. Assume that Slick Rocks management purchased the Sandstone

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On June 30, 2016. Slick Rocks, Inc. purchased 9,100 shares of Sandstone stock for $16 per share. Assume that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio. The following information pertains to the price per share of Sandstone stock: Price 12/31/2016 $20 12/31/2017 15 12/31/2018 22 Slick Rocks sold all of the Sandstone stock on February 14, 2019, at a price of $24 per share. Prepare any Journal entries that are required by the facts presented in this case. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 1 5 > Record the appropriate journal entry on June 30, 2016. Note: Enter debits before credits General Journal Dobit Credit Date June 30, 2016 On June 30, 2016, Slick Rocks, Inc.. purchased 9,100 shares of Sandstone stock for $16 per share. Assume that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio. The following information pertains to the price per share of Sandstone stock: Price 12/31/2016 $20 12/31/2017 15 12/01/2018 22 Slick Rocks sold all of the Sandstone stock on February 14, 2019, at a price of $24 per share. Prepare any Journal entries that are required by the facts presented in this case. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the appropriate journal entry on Dec. 31, 2018 Note: Enter debits before credits General Journal Date Dec 31, 2018 Dobit Credit On June 30, 2016. Slick Rocks, Inc., purchased 9,100 shares of Sandstone stock for $16 per share. Assume that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio. The following information pertains to the price per share of Sandstone stock: 12/31/2016 12/31/2017 12/31/2018 Price 520 15 22 Slick Rocks sold all of the Sandstone stock on February 14, 2019, at a price of $24 per share. Prepare any journal entries that are required by the facts presented in this case. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the appropriate journal entry on Feb. 14, 2019. Note: Enter debits before credits General Journal Debit Dato Feb. 14, 2019 Credit

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