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On March 10, 2015, Dearden, Inc., purchased 11,200 shares of Jaffa stock for $48 per share. Management recorded it in the trading securities portfolio. The
On March 10, 2015, Dearden, Inc., purchased 11,200 shares of Jaffa stock for $48 per share. Management recorded it in the trading securities portfolio. The following information pertains to the price per share of Jaffa stock: Price $46 49 45 12/31/2015 12/31/2016 12/31/2017 Dearden sold all of the Jaffa stock on September 12, 2018, at a price of $43 per share Prepare any journal entries that are required by the facts presented in the 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 4 Record the appropriate journal entry on March 10, 2015 Note: Enter debits before credits Date General Journal Debit Credit March 10, 2015 Journal entry worksheet 2 3 4 Record the appropriate journal entry on December 31, 2015. Note: Enter debits before credits. Credit Date General Journal Debit December 31, 2015 Journal entry worksheet 2 3 4 5 Record the appropriate journal entry on December 31, 2016. Note: Enter debits before credits. Credit Date General Journal Debit December 31, 2016 Journal entry worksheet 2 3 4 Record the appropriate journal entry on December 31, 2017. Note: Enter debits before credits. General Journal Debit Date Credit December 31, 2017 Journal entry worksheet 2 3 4 5 Record the appropriate journal entry on September 12, 2018. Note: Enter debits before credits. Debit Credit Date General Journal September 12, 2018
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