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On March 10, 2015, Dearden, Inc. purchased 11,900 shares of Jaffa stock for S40 per share. Management recorded it in the trading securities portfolio. The
On March 10, 2015, Dearden, Inc. purchased 11,900 shares of Jaffa stock for S40 per share. Management recorded it in the trading securities portfolio. The following information pertains to the price per share of Jaffa stock: Price S38 41 37 12/31/2015 12/31/2016 12131/2017 Dearden sold all of the Jaffa stock on September 12, 2018, at a price of S35 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 View journal entry worksheet Credit No Date General Journal Debit /March 10. 2015Investments in TS 476,000 476,000 Net unrealized gains (losses) 23,800 2015 Investments in TS 23,800
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