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only use the entries given in 3rd pic for all the jornal entries. dont make your own entries Question 5 of 7 -/1 E View
only use the entries given in 3rd pic for all the jornal entries. dont make your own entries
Question 5 of 7 -/1 E View Policies Current Attempt in Progress Following is information for Blue Lte's investments held for trading Blue is a public company and has a December and 2021 Sept. 28 Oct 1 Purchased 4,300 shares of Cygman Limited for $38 per share Purchased $366,000 of Rauk Inc. 49 bonds at face value. The bonds pay interest semi-annually on April 1 and October 1 Sold 2,300 Cygman shares for $40 per share Received $1.50 per share dividend from Cygman. Cyeman shares were trading at $36 per share and the Rauk bonds were trading at 101. Nov. 12 Dec 1 31 2022 Mar 31 Apr. 1 Sold the remaining Cygman shares for 538 per share. Received interest on the Rauk bonds. Received interest on the Rauk bonds. Rauk bonds were treding at 102. Oct. 1 Dec 31 Record the above transactions, including any requires adjusting entries for 2021 and 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts) 2021 QUELLIUMS OF - 71 lli Date Account Titles and Explanation Debit Credit Seot 28 levem EFVTPL 163400 163400 To record purchase of investment) Octs V Investment FVTPL v $366.000 Com V 3365.000 To record purchase of investment N2 V Car love income or on > To acordatment 2022 Date Account Titles and Explanation Debit v > V Tarucord sale of investment Step by Step Solution
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