RE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST CREDIT LISTES EGITY IT 4020000 ASSETS + Jan 17 Investments Red Rock Co Stock Cash 40,700.00 37.000.00 T Feb 5 Investments Sunset Vilage Bonds Interest Receivable 320.00 + Cash 37,320.00 1 22.750.00 1 25 Investments Mays and Stock Cash 27.750.00 1 170.00 + Mar 31 Cash 520.00 50.00 + Interest Receivable Interest Revenue Apr Investment in Minions Corp Stock Casts 185,000.00 1 185.000.00 . 300.00 1 30 Cash 300.00 1 Dividend Revenue Chad 1.600 400 2000 t Homework (Chapter 15) Gh Los on Sale Reveru mestnanie Village Bands Aug 14. Casa Gain Sate of investments investments arding Construction Stock 27 41.200.00 1.500.00 59.400.00 + 5700.00 1 Investment in Medions Corp Stock Sep.22 Cash 700.00 51.250.00 + + 27,750.00 . 160.00 1 160.00 1 Salon Sate of investments Investits Moys and Co. Shock 50 Gashi Interest Novi Investimentin Minions Corp Stock Income of Minions Corp Dec.31 Ured Loss on Available For Sale investments Valuation Allowance for Available For Sale investments 34 Vabation Allowance for Tading investments 22.700.00 1 22.200.00 1 3.275.00 1 3.275.00 1 2.15000 1 Interest Revenge 160.00 1 Nov 1 22,200.00 1 Investment in Minions Corp. Stock Income of Minions Corp Unrealized Loss on Arkable-For Sale Investments Valuation Allowance for Available For Sale Investments 22,200.00 1 Dec 31 3.275.00 1 5275.00 . 2.150.00 T 31 Valuation Allowance for Trading Investments Unrealized Gain on Trading Investments 2,15000 1 Investments Shaded cells have feedback Review the journal entries on The Wellington Company panel then answer the following questions Check My Work Save and Exa Sube As All work saved 777 HI! Apps Youtube Twitch AMAZON keagmentMain doinvokerusakan SetionLocatorprogress yahoo mail Ues Mal - Daniel UCC CANVAS Microsoft Office kl Union County Colle Week 9 Homework (Chapter 15) Review the journal entries on the Wellington Company anal the answer the following questione 1. Which item is kely to be a trading sel Maya and Co. Why? Because it was sold quickly 2. How are brokerage commission fees treated on stock sales vs stock purchases? They are deducted from cash received or included in the stock cont. 3. Based on these journal entries what is the company's investment in Sunset Vilage bonds at the end of the year 4. The journal entry on Aug 27 host likely shows Dividend of Minions Corp. slock 5. As an investment bonds are always categorized as none of these answers. 6. What is the company's investment in Minions Corp. at the end of the year? $197.950 $12.950 x Points 1517 7. Which of the following investments are likely to be available for sale securities? Check all that apply Cannot be determined Mays and Co stock Red Rock Co stock Finance Statements and auton Microsoft Office Union County Coll selle Beating The accountant preparing the financial statements has asked you to provide the true of the end of the your orders. Present the information as it would be shown on the financial statements. Last year. The Wington Company reported out of 1000 m $82.000 in available for sale investments. Refer to the journal arties shown on The Wolleton Company pre me that inversion year were trading investments and that purchases during the year were new mements 1. Select the correct label for eachine and in the amount incassing the investments, choose a categorization which most helyen pattern of transactions in the journal entries. Enter al amounts as positive numbers an amount box does not require an any, eve bank Trading Securities Trading Investments at cost Plus valuation allowance for trading Investments Trading investments at fair value $680 2,150 V $84 950 X Points 476 Available For Sale Securities Available for sale investments at cost Less valuation allowance for available for sale investments Available for sale investments at fair value $ $318,650 X 3.275 Points 476