please can anyone answer this question for all the parts ASAP
Show Attempt History Current Attempt in Progress During 2020, Financial Holdings, a public company purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Sabo common shares PYK $1.50 preferred shares Total Quantity 1,000 2,000 Cost $15,000 24,000 $39,000 Market Value $13,500 24,500 $38,000 The following transactions with respect to Financial Holdings' investments occurred during 2021: Jan. 15 Purchased 1,500 common shares of Hazmi for $15.00 per share. The shares are designated as fair value through other comprehensive income. Mar. 20 Received dividends on the PYK preferred shares of $1.50 per share. June 15 Sold 750 of the Sabo common shares for $15.75 per share. Aug 5 Received dividends on the Sabo common shares of $2.50 per share. Oct. 15 Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split. At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Sabo common shares PYK $1.50 preferred shares Hazmi common shares Price $16.00 13.75 7.00 MacBook Air tflix ECM News - FMGT-2100-NET-Ace X Chapter 16 Homework YouTube arses/44401/assignments/4876174 X Your answer is incorrect. Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) $ e Textbook and Media Your answer is partially correct. Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 202 indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accoun journal entries in the order presented in the problem. Round answer to O decimal places, e.g. 5,276.) Date Account Titles and Explanation Debit Credit Jan. 15 Investments at FVTPL 22500 com/courses/44401/assignments/4876174 $ H Paused Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 2021. (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. Record Journal entries in the order presented in the problem. Round answer to decimal places, e8.5.276.) Date Account Titles and Explanation Debit Credit Investments at FVTPL 22500 Jan. 15 22500 Cash To record purchase of investment.) Cash Mar. 20 3000 Interest Revenue Cash 625 Dividend Revenue 625 (Collection of dividend.) Oct 15 > (To record fair value adjustment.) (To record fair value adjustment.) e Textbook and Media X Your answer is incorrect. Show how the investment income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2021 (Ignore income tax) FINANCIAL HOLDINGS Income Statement (Partial) FINANCIAL HOLDINGS Statement of Comprehensive Income (Partial) $ Show Attempt History Current Attempt in Progress During 2020, Financial Holdings, a public company purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Sabo common shares PYK $1.50 preferred shares Total Quantity 1,000 2,000 Cost $15,000 24,000 $39,000 Market Value $13,500 24,500 $38,000 The following transactions with respect to Financial Holdings' investments occurred during 2021: Jan. 15 Purchased 1,500 common shares of Hazmi for $15.00 per share. The shares are designated as fair value through other comprehensive income. Mar. 20 Received dividends on the PYK preferred shares of $1.50 per share. June 15 Sold 750 of the Sabo common shares for $15.75 per share. Aug 5 Received dividends on the Sabo common shares of $2.50 per share. Oct. 15 Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split. At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Sabo common shares PYK $1.50 preferred shares Hazmi common shares Price $16.00 13.75 7.00 MacBook Air tflix ECM News - FMGT-2100-NET-Ace X Chapter 16 Homework YouTube arses/44401/assignments/4876174 X Your answer is incorrect. Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) $ e Textbook and Media Your answer is partially correct. Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 202 indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accoun journal entries in the order presented in the problem. Round answer to O decimal places, e.g. 5,276.) Date Account Titles and Explanation Debit Credit Jan. 15 Investments at FVTPL 22500 com/courses/44401/assignments/4876174 $ H Paused Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 2021. (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. Record Journal entries in the order presented in the problem. Round answer to decimal places, e8.5.276.) Date Account Titles and Explanation Debit Credit Investments at FVTPL 22500 Jan. 15 22500 Cash To record purchase of investment.) Cash Mar. 20 3000 Interest Revenue Cash 625 Dividend Revenue 625 (Collection of dividend.) Oct 15 > (To record fair value adjustment.) (To record fair value adjustment.) e Textbook and Media X Your answer is incorrect. Show how the investment income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2021 (Ignore income tax) FINANCIAL HOLDINGS Income Statement (Partial) FINANCIAL HOLDINGS Statement of Comprehensive Income (Partial) $
