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OnAugust16,2016,BlenimCorp.purchases6,000sharesofcommonstockinMountainInc.atamarketpriceof $17pershare.Inaddition,Blenimpaysbrokeragefeesof$2,000.OnOctober21,2016,BlenimsellstheMountain stockfor$12pershare. REQUIRED: PrepareallnecessaryentriesonBlenim'sbooksinconnectionwiththeinvestmentbeginningwiththepurchaseofthe commonstockonAugust16,2016,andthesaleonOctober21,2016.

OnAugust16,2016,BlenimCorp.purchases6,000sharesofcommonstockinMountainInc.atamarketpriceof $17pershare.Inaddition,Blenimpaysbrokeragefeesof$2,000.OnOctober21,2016,BlenimsellstheMountain stockfor$12pershare. REQUIRED: PrepareallnecessaryentriesonBlenim'sbooksinconnectionwiththeinvestmentbeginningwiththepurchaseofthe commonstockonAugust16,2016,andthesaleonOctober21,2016.

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