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During 2018, Golden Valley Financial Corporation had the following held for trading investment transactions: Feb. 1 Purchased 660 CBF common shares for $41,580. Mar.

    

 

During 2018, Golden Valley Financial Corporation had the following held for trading investment transactions: Feb. 1 Purchased 660 CBF common shares for $41,580. Mar. 1 Purchased 830 RSD common shares for $27,390. Apr. 1 Purchased 7% MRT bonds at face value, for $58,200. Interest is received semi-annually on April 1 and October 1. July 1 Aug. 1 Sept. 1 Oct. 1 Received the semi-annual interest on the MRT bonds. 1 Sold the MRT bonds for $60,400. Dec. 31 The market prices of the CBF and RSD common shares were $58 and $34 per share, respectively. *(a) Your answer is partially correct. Try again. Record the above transactions, including any required adjusting entries, using the fair value through profit or loss model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record entries in the order presented in the question. Round answers to 0 decimal places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Feb. 1 Held for Trading Investments Cash Mar. 1 Held for Trading Investments Cash Apr. 1 Received a cash dividend of $3 per share on the CBF common shares. Sold 190 CBF common shares at $61 per share. Received a cash dividend of $1.60 per share on the RSD common shares. July 1 Aug. 1 Long-Term Investments Cash Cash Dividend Revenue Cash [Realized Loss on Held for Trading Investments Held for Trading Investments Sept. 1 Cash Dividend Revenue Oct. 1 Cash Interest Revenue (To record interest on the MRT bonds.) Cash Long-Term Investments Debit Credit 141,580 127390 1127390 (58200) 1158200 (1980) || 11590 1380 [1328 141,580 2037 L 160400 11970 (1328) 20 158200 Realized Gain on Long-Term Investments (To record sale of MRT bonds.) Dec. 31 Unrealized Loss on Long-Term Investments Long-Term Investments GOLDENVALLEY FINANCIAL CORPORATION Statement of Financial Position (Partial) |1520 $ 12200 1520 *(b) Show how the investments would be presented on the statement of financial position at December 31, 2018. Attempts: 3 of 3 used

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