the 4 last tutors have been wrong.

202 Rams Company purchased the following relatively long-e classiied as avarlable-for-sale securities Alternate Problems 1. Two thousand shares of Lacey Company capital stock at $439.20 plus brokers 2 One thousand shares of Membrow Company capital stock at $705.60 plus broker's Cash dividends of S18.00 per share on the Lacey capital stock and S14.40 per share on the Membrow capital stock were received on December 7 and December 10, respectively. On December 31,2012 per share market values are Lacey, $460.80; and Membrow, S655.20. Prepare journal entries to record these transactions. h. Prepare the necessary adjusting entry(ies) at December 31, 2012, to adjust the carrying values assuming that market price changes are believed to be temporary. Where would the accounts appear in the financial statements