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Skyward Corporation generated excess cash and invested in securities as follows: (Click the icon to view the transactions) Read the requirements Requirement 1. Classify each

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Skyward Corporation generated excess cash and invested in securities as follows: (Click the icon to view the transactions) Read the requirements Requirement 1. Classify each of the investments made during 2018. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Classification Reason Microstock Ronco bond Requirement 2. Journalize the 2018 transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required on the first line of the Accounts column and leave the remaining cells blank.) Jul. 2: Purchased 3,200 shares of Micro, Inc, common stock at $15.00 per share. Skyward plans to sell the stock within three months, when the company will need the cash for normal operations. Skyward does not have significant influence over Micro Date Accounts Debit Credit > Jul. 2 Aug. 21: Received a cash dividend of $0.50 per share on the Micro stock investment Account Debit 2018 Jul. 2 Aug. 21 Sep. 16 Oct. 1 Purchased 3,200 shares of Micro, Inc. common stock at $15.00 per share. Skyward plans to sell the stock within three months, when the company will need the cash for normal operations. Skyward does not have significant influence over Micro. Received a cash dividend of $0.50 per share on the Micro stock investment. Sold the Micro stock for $15.50 per share. Purchased a Ronco bond for $38,000 at face value. Skyward classifies the investment as trading and short-term. Received a $200 interest payment from Ronco. Adjusted the Ronco bond to its market value of $43,000. Dec. 31 31 Classify each of the investments made during 2018. (Assume the equity investments represent less than 20% of ownership of outstanding voting stock.) 2. Journalize the 2018 transactions. Explanations are not required. 3. Prepare T-accounts for the investment assets, and show how to report the investments on Skyward's balance sheet at December 31, 2018. 4. Where is the unrealized holding gain or loss associated with the trading debt investment reported

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