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Question 5 ( 7 points ) Easton Company prepares annual adjusting entries only . During the third quarter of Fiscal Year 2018 , Easton Company
Question 5 ( 7 points ) Easton Company prepares annual adjusting entries only . During the third quarter of Fiscal Year 2018 , Easton Company acquired the following trading securities :" Date Company .* # of Price per Shares Share 8 / 15 X Company 1 , 500 $44 9/ 25 Y Company 1 , 250 30 9 /30 Z Company 1 , 000 30 On November 10th , Easton Company sold the Y Company stock for $31 per share . On December 15 th , Z Company paid dividends of $0. 12 per share . The following were the year-end market values :" Company. FMV per Share X Company $43 Y Company 15 Z Company 29 What the total dollar values that Towson Company should record for the Unrealized Gain or ( Loss ) on Trading Securities for 2018 ? Enter a Loss as a negative number ." Your Answer :" Answer Question 6 ( 7 points ) Arundel Company uses aging to estimate uncollectibles . At the end of the fiscal year , December 31 , 2018 , Accounts Receivable has a balance that consists of :" Dollar Value* Age of Account Estimated Collectible $260, 000
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