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Phos Financial Coregional instance company that began operations on January 11 The towing transaction to get red by Roncalca, which has a cargo Doce Record

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Phos Financial Coregional instance company that began operations on January 11 The towing transaction to get red by Roncalca, which has a cargo Doce Record Mese transactions of page 10 Year 1 Feb 1 May 1 Purch 6,000 shares of Catwe trading security 545 per herokerage Common of 5690 Purchased 2.000s of land the warung security brokerio como o 1220 God 3.500 www.celine for per essere con Poolved in and of 80 per here on Celine stock The portonout trang we wanaume arvatur own per weer wat in and Hand in pectively 1 21 De Record met ons op Year 2 Apr 1 Purchased 1.100 shares of Pine trading Sty 120 per harus 155 kg Record these transactions on page 11 Year 2 Apr 1 July 31 Oct 14 Purchased 3,100 shares of Fuller Inc. as a trading security at $29 per share plus a $155 brokerage commission Received an annual dividend of $0.45 per share on Caldwell Inc stock Sold 620 shares of Fuller Inc. for $31 per share less a $55 brokerage commission The portfolio of trading securities had a cost of $329,545 and a fair value of $408,484, requiring a debit balance in Valuation Allowance for Trading Investments of $78,939 (5408,484 - $329,545). Thus, the credit balance from December 31, Year 1, is to be adjusted to the new balance. Dec 31 Required: 1 Journalize the entries to record these transactions. Round all final amounts to the nearest whole dollar 2. Prepare the investment-related current asset balance sheet presentation for Rios Financial Co. on December 31, Year 2 3. How are unrealized gains or losses on trading investments presented in the financial statements of Rios Financial Co.? *Refer to the information given and the Chart of Accounts and Amount Descriptions provided for the exact wording or the answer choices text entries. "Loss" or "Plus" will automatically appear if it is required. For those boxes in which you must enter subtracted or negative nur use a minus sign

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