Please make sure you fill in the blanks according to the blanks given. Otherwise please do not answer.

Entity A has purchased an investment of 15,000 shares on 1 August 2019 at a cost of $7.75 each.

Entity A intends to sell these shares in the short term, and are holding them for trading purposes. Transaction cost on the purchase amounted to $1,500.

At the year-end of 30 September 2019, these shares were now worth $8.50 each.

On 15 October 2019, these shares were worth $8.00 each. All shares were sold at $125,600.

REQUIRED:

Provide journal entries for Entity A from 1 August 2019 to 15 October 2019 in accordance with relevant accounting standards.

ACCOUNTS FOR INPUT:

| Financial asset (Amortised Cost) | Financial asset (FVTPL) | Financial asset (FVTOCI) |

| Financial liability | Equity instrument | Transaction cost | Bank | Loss allowance | Impairment loss |

| Gain on remeasurement (P/L) | Loss on remeasurement (P/L) | Gain on remeasurement (OCI) | Loss on remeasurement (OCI) |

| Payable | Receivable | Other income | Other expense | Reclassification (P/L) | Reclassification (OCI) |

| Interest expense | Interest revenue | Loss on disposal | Gain on disposal | Retained earnings | No entry |

ANSWERS:

Journal Entries:

Date	Account Name	Debit ($)	Credit ($)	Hints For Sequence
1-Aug-19				-
				Not an Asset. Judge Dr/Cr. Only Enter Amount.
				-
30-Sep-19				-
				Judge Dr/Cr. Only Enter Amount.
				-
15-Oct-19				-
				-
15-Oct-19				-
				Not an Asset. Judge Dr/Cr. Only Enter Amount.
				Judge Dr/Cr. Only Enter Amount.
				-