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Please answer the red boxes and empty boxes. The choices for Stock Investment chart are in the last picture. Problem H-3 (Part Level Submission) On
Please answer the red boxes and empty boxes. The choices for Stock Investment chart are in the last picture.
Problem H-3 (Part Level Submission) On December 31, 2018, the end of its first year of operations, Carla Vista Associates owned the following securities that are held as long-term investments. Common Stock Shares 970 C Co. Cost $47,530 35,574 24,255 D Co. 5,390 1,155 E Co. On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2019, the following transactions occurred. July 1 Aug. 1 Sept. 1 Oct. 1 Received $2 per share semiannual cash dividend on D Co. common stock. Received $0.50 per share cash dividend on C Co. common stock. Sold 1,090 shares of D Co. common stock for cash at $8 per share. Sold 280 shares of C Co. common stock for cash at $51 per share. Received $1 per share cash dividend on E Co. common stock. Received $0.50 per share cash dividend on C Co. common stock. Received $2.10 per share semiannual cash dividend on D Co. common stock. Nov. 1 Dec. 15 31 At December 31, the fair values per share of the common stocks were c Co. $48, D Co. $6.40, and E Co. $25. These investments should be classified as long-term. (a) Your answer is partially correct. Try again. Journalize the 2019 transactions (Credit account titles are automatically indented when the amoun in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit July 1 Cash 10780 Dividend Revenue 10780 Aug. 1 A Cash 485 Dividend Revenue 485 Sept. 1 4 Cash 8720 X Common Stock 7194 Gain on Sale of Stock Investments 1526 Oct. 1 Cash 14280 x Common Stock 13720 > Gain on Sale of Stock Investments 560 Nov. 1 Cash 1155 > Dividend Revenue 1155 Dec. 15 Cash 345 Dividend Revenue 345 Dec. 31 Cash 2150 X Dividend Revenue 2150 Post to the account Stock Investments. Stock Investments Jan. 1 Balance Feb. 1 Mar. 1 Apr. 1 Sept. 1 Oct. 1 Dec. 31 Balance
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