please help

You are working for The Wellington Company on temporary assignment while one of the accountants is on family leave. You have been asked to review the comp to the accountant preparing the finan investment journal entries and provide necessary information ancial statements. JOURNAL ACCOUNTING EOUAT POST. REF CREDIT ASSETS DESCRIPTION DEBIT LIABILITIES DATE 40 700.00 Jan 17 Investments-Red Rock Co. Stock 40,700.00 Cash 37,00000 Investments-Sunset Village Bonds Feb. 5 320.00 Interest Receivable 37,320.00 Cash 5 27,750.00 Investments-Mays and Co. Stock 23 27,750.00 Cash 370.00 Mar. 31 Cash 320.00 Interect Recreivable Mar. 31 Cash 370.00 Interest Receivable 320.00 Interest Revenue 10 50.00 Investment in Minions Corp. Stock 185,000 00 11 Apr. 6 185,000.00 12 Cash 750.00 Cash 13 30 750.00 Dividend Revenue 14 21,374.00 Cash Jul 1 15 2,886.00 Loss on Sale of Investment 210.00 Interest Revenue 24,050.00 Investments-Sunset Village Bonds 18 41,200 00 Aug 14 Cash 19 1,800.00 Gain on Sale of Investments 20 39,40000 Investments-Harding Construction Stock 21 3,700.00 Cash 22 27 3,700.00 Investment in Minions Corp. Stock 25 31,250.00 Sep 22 Cash 24 3,50000 Gain on Sale of Investments 25 27,750 00 Investments-Mays and Co. Stock 26 27 30 Cash 160,00 28 Interest Revenue 160.00 Investment in Minions Corp. Stock 29 Nov. 1 16,650.00 30 Income of Minions Corp 16,650.00 3,275.00 Unrealized Loss on Available-For-Sale Investments Dec. 31 31 3,275.00 Valuation Allowance for Available-For-Sale Investments 32 2,150.00 31 Valuation Allowance for Trading Investments 33 2,150.00 Trading Investments 34 Unrealized Gain on Review the journal entries on The Wellington Company panel then answer the following questions 1. Which item is likely to be a was sold quickly Why? trading security? Mays and Co. Because it 2. How are brokerage commission fees treated on stock sales vs stock purchases? They are deducted from cash received or included in the stock cost. 3. Based on these journal entries, what is the company's investment in Sunset Village bonds at the end of the year? S 4. The journal entry on Aug. 27 most likely shows Dividend of Minions Corp. stock. 5. As an investment, bonds are always categorized as none of these answers. year? s 6. What is the company's investment in Minions Corp. at the end of the Points 5/7 7. Which of the following investments are likely to be available-for-sale securities? Check all that apply V Cannot be determined Sunset Village bonds Red Rock Co, stock Harding Construction stock Mays and Co, stock Minions Corp. stock