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Stone Company had the following transactions pertaining to short-term investments in equity securities during the current year: On January 10, Stone Company made a cash
Stone Company had the following transactions pertaining to short-term investments in equity securities during the current year: On January 10, Stone Company made a cash purchase of 900 shares of Pierce Company common stock at $10.50 plus brokerage fees of $270. On June 1, Stone Company received cash dividends of $0.50 per share on Pierce Company stock. On September 15, Stone Company sold 400 shares of Pierce Company common stock at $10.75 less brokerage fees of $100. On December 1, Stone Company received cash dividends of $0.50 per share on Pierce Company stock. Match each of the items below with the appropriate answer. Matching pairs 1. Which account(s) is (are) debited on January 10? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 2. Which accounts is (are) credited on January 10? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 3. What is the amount of the debit / credit on January 10? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 4. Which account(s) is (are) debited on June 1? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 5. Which account(s) is (are) credited on June 1? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 6. What is the amount of the debit / credit on June 1? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 7. Which account(s) is (are) debited on September 15? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 8. Which account(s) is (are) credited on September 15? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 9. Which account(s) is (are) debited on December 1? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 10. Which account(s) is (are) credited on December 1? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 11. What is the amount of the entry to cash on September 15? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 12. What is the amount of the gain / loss on the sale of investments on September 15? - Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 13. What is the amount of the entry to Stock Investments on September 15? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200 14. What is the amount of the debit / credit on December 1? Select one: a. Stock Investments b. Cash and Loss on the Sale of Investments c. $9,720 d. Stock Investments and Brokerage Fee Expense e. $4,300 f. Cash g. Stock Investments and Gain on the Sale of Investments h. $120 i. $4,320 j. $250 k. Dividend Revenue l. Cash and Brokerage Fee Expense m. $450 n. $9,450 o. $4,200
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