Problem $15-1$A $(40$ minutes$)$

Part $1$

Aug. $2$ Debt Investments$-$Trading. $\mathrm{.}10,000$

Cash.

Purchased Verizon bonds at $$10,000.$

Sept. $7$ Debt Investments$-$Trading. $35,000$

Cash.

Purchased Apple bonds at $$35,000.$

$35,000$

$12$ Debt Investments$-$Trading.................................... $20,000$ Cash. dots$20,000$

Oct. $21$ Cash. $2,100$

Gain on Sale of Debt Investments

Debt Investments$-$Trading

$10,000$

Purchased Mastercard bonds at $$20,000.$

Record sale of Verizon trading securities with a

$$2,000$ cost in return for $$2,100$ cash.

$23$ Cash. $.\mathrm{.}15,400$

Gain on Sale of Debt Investments.

Debt Investments$-$Trading.

Record sale of Apple trading securities with a

$$15,000$ cost in return for $$15,400$ cash.

Nov. $1$ Debt Investments$-$Trading. $40,000$

Cash.

Purchased Walmart bonds at $$40,000.$

Dec. $10$ Cash. $18,000$

Loss on Sale of Debt Investments $2,000$

Debt Investments$-$Trading.

Record sale of Mastercard trading securities with a $$20,000$ cost in return for $$18,000$ cash.

Problem $15-1$A $($Continued$)$

Part $2$

$\backslash$table$[[$Portfolio of Trading Securities,Cost,Fair Value,$\backslash$table$[[$Unrealized$],[$Gain $($Loss$]]],[$Verizon bonds $-$ $$2,000.,$$$8,000,$$$8,500,],[$Apple bonds $-$ $$15,000.,20,000,22,000,],[$Walmart bonds...,$40,000,{39\mathrm{.}000}_{?},],[,$$$68,000,$$$69,500,$$$1,500$