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Question [24 points Jer Co has the following securities in the instant portfolio on December 31, 2014. A Pesert Whed in 2014 3,000 shares of

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Question [24 points Jer Co has the following securities in the instant portfolio on December 31, 2014. A Pesert Whed in 2014 3,000 shares of Gulf Corp. common stock, which cost $177 000 and had a free of $190.000 the end of 2014 Concerts for new or X-celline 11% bonde $500,000 par value purchased for $814 901; amortized cost was 5619,413 end of 2014. The man what to In 2015, the following transactions occurred: March 22: Purchased 1.000 shares of United Corporation for 6 per share. Jer Coccounts for this intents and for trading . July 1: A dividend of 55 per share was received on the Ludwig Inc. shares c. September 12: 540 Ludwig Inc. shares were then sold for $35.400 d. October 19: Sold the Gulf Corp. shares for $205.000 December 31: The annual interest was received on the X-calling bond Interest revenue is measured using the effective interest method 1. December 31: Market values at the end of the year: Ludwig Inc, 566 per share, Gulf Corp. 566 per share and United Corporation $61 perstar Prepare journal entries for the 2016 transactions and events. The company recorda dividends, interest income, amortization and holding galing sarily to facilitate Please make sure your final answers) are accurate to the nearest whole number. Enter an appropriate description when entering the transactions in the jumal boles mas dd/mmm (e. January 15 would be 15/Jan)

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