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Please complete in the fields provided. Also include any calculations used. Note: this is one full question, please complete to guarantee upvote. Thanks in advance.
Please complete in the fields provided. Also include any calculations used. Note: this is one full question, please complete to guarantee upvote. Thanks in advance. There is a part B, so please allow for edits after completed part A, and will send remainder of pictured
During the year ended December 31, 2021, Sheffield Corporation, a public company, had the following transactions related to investments held for trading purposes: Feb. 1 Purchased 590 I BF cornmon shares for $32.450. Mar, 1 Purchased 1,540 Raimundo common shares for $43,120 Apt. 1 Purchased $195,000 of CRT 3% bonds at par. Interest is payable semi-annually on April 1 and October 1 . July 1 Received a cash dividend of $2.00 per share on the IBF common shares: Aug. 1 Sold 235 IBF commonshares at $59 per share: Oct. 1 Received the semi-annual interest on the CRT bonds. 1 Sold the CRT bonds for $200.000. Dec 31 The fair values of the IBF and Raimundo common shares were $61 and $24 per share. respectively \begin{tabular}{|c|c|c|c|} \hline Date Account Tries and Explanation & Debt \\ \hline & & \end{tabular} Fiterecord Durchase of luvestrers (To record sale of irrvestment.) (Collection of interest revenue.) (To record sale of investment.) (To record fair value adjustment) eTextbook and Media Save for Bal e Attempts: D of 3 used Step by Step Solution
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