PLEASE ANSWER ASAP. i WILL THUMBS UP . EverOne Corp. has the following securities in its trading
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Question:
PLEASE ANSWER ASAP. i WILL THUMBS UP EverOne Corp. has the following securities in its trading equity portfolio of securities on December :
Investments Trading Cost Fair Value
shares of Dora Corp., common $ $
shares of Swiper Inc., preferred
shares of Boots and Boots, preferred
$ $
All of the securities were purchased in and there was no balance in the Fair Value Adjustment account prior to
In EverOne completed the following securities transactions:
May Sold shares of Swiper Inc., preferred, @ $ less fees of $
Oct. Sold the balance of Swiper Inc., preferred, @ $ less fees of $
EverOne Corp.s portfolio of trading securities appeared as follows on December
Investments Trading Cost Fair Value
shares of Dora Corp., common $ $
shares of Boots and Boots, preferred
$ $
Instruction
Prepare the general journal entries for EverOne Corp. for:
a The adjusting entry.
b The May sale of the Swiper stock.
c The October sale of the Swiper stock.
d The adjusting entry for the trading portfolio.
Posted Date: