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Record the following 2019 transactions of Avondale Inc. in the financial statements effects template below. 1 Purchased 2,800 shares of Bridgeport Corp. common stock for
Record the following 2019 transactions of Avondale Inc. in the financial statements effects template below. 1 Purchased 2,800 shares of Bridgeport Corp. common stock for $25 per share. These securities are publicly traded, and Avondale classifies them as available for sale. 2 Received a cash dividend of $2 per share from Bridgeport. 3 Year-end market price of Bridgeport common stock is $19 per share. 4 Sold 1,200 shares for $16 per share, the closing price for the day. Balance Sheet (+) Noncash Assets () Liabilities Transaction Income Statement (-) Expenses (6) Cash Asset Contributed Capital (+) Earned Capital Revenues Net Income 1 (+) (6) (+) (+) (-) (=) 2 (+) (=) (+) (+) (-) (=) 3 (+) (=) (+) (+) (-) (=) 4 (+) =) (+) (+) (-) (=)
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