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The Financial Asset at Fair Value through Prot 0r Loss portfolio of Genesis Company show the following debt and equity securities: Security CLst Fair Value

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The Financial Asset at Fair Value through Prot 0r Loss portfolio of Genesis Company show the following debt and equity securities: Security CLst Fair Value 200 ordinary shares of Corgi Co. 127,250 121,500 P400,000 Potty Co. 7% bonds 398,250 387,000 P600,000 Ke urn Co. 7.5% bonds 603,750 609,450 Totals 1,129,250 1,117,950 Interest dates on the bonds are January 1 and July 1. Genesis uses the income approach to record the purchase of bonds with accrued interest. During 2013 and 2019, Genesis completed the following transactions related to the nancial assets at fair value through prot or loss: 20 13 January 1 Received semiannual interest on bonds. Assume that the appropriate adjusting entry was made on December 3 l, 2017. April 1 Sold P300,000 of 7.5% KeyTurn bonds at 102 plus accrued interest. Brokerage fees were P1,000. May 21 Received dividend of P125 per share on the Corgi Co. shares. The dividend had not been recorded on the declaration date. July 1 Received semiannual interest on bonds and then sold the 7% Potty bonds at 9'7 3%. Brokerage fees were P1,2 50. August 15 Purchased 100 shares of Newton, Inc. ordinary shares at P580 per share plus brokerage fees of P250. November 1 December 31 20 19 January 2 February 1 Purchased P250,000 of 8% Tall (20. bonds at 101 plus accrued interest. Brokerage fees were P625. Interest dates are January 1 and July 1. Market prices of the securities were: Corgi Co. shares P550 Key'Turn 7-5% bonds 101 :34 Tall 8% bonds 101 Newton, Inc. shares P583.75 Recorded the receipt of semiannual interest on bonds. Sold the remaining 715% KeyI'urn bonds at 101 plus accrued interest. Brokerage fees were P1,500

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