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Question 2 During 2018, Cinrich Financial Corporation had the following held for trading Investment transactions: Feb. 1 Purchased 630 CBF common shares for $37,800. Mar.

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Question 2 During 2018, Cinrich Financial Corporation had the following held for trading Investment transactions: Feb. 1 Purchased 630 CBF common shares for $37,800. Mar. 1 Purchased 830 RSD common shares for $23,240. Apr. 1 Purchased 8% MRT bonds at face value, for $62,000. Interest is received semi-annually on April 1 and October 1. July 1 Received a cash dividend of $3 per share on the CBF common shares. Aug. 1 Sold 190 CBF common shares at $59 per share. Sept. 1 Received a cash dividend of $1.60 per share on the RSD common shares. Oct. 1 Received the semi-annual interest on the MRT bonds. 1 Sold the MRT bonds for $64,100 Dec. 31 The market prices of the CBF and RSD common shares were $56 and $30 per share, respectively. 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 o decimal pla e.g. 5,250. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 1 . Held for Trading Investments 37800 Cash 37800 Mar. 1 : Held for Trading Investments Cash 23240 Apr. 1. Held for Trading Investments 62000 Cash 62000 Date Credit Debit Account Titles and Explanation Feb. 1 4 Held for Trading Investments 37800 Cash 37800 Mar. 1 - Held for Trading Investments 23240 Cash 23240 Apr. 1 . Held for Trading Investments 62000 Cash 62000 July 1 Cash Aug. 1 Sept. 1 Oct. 1 - (To record interest on the MRT bonds.) Sept. 1 Oct. 1 (To record interest on the MRT bonds.) (To record sale of MRT bonds.) Dec. 31 Attempts: 0 of 2 us

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