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Transactions for common stock and trading investments Zeus lnvestments Inc. is a regional freight company that began operations on Januory 1 , 20yd. The following

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Transactions for common stock and trading investments Zeus lnvestments Inc. is a regional freight company that began operations on Januory 1 , 20yd. The following transactions raiate to tradin securities acquired by Zeus Incy which has a fical year ending on December 31 : 20Y3 Feb. 14, Purchased 2,700 shares of Apollo Inc, common stock at 537 per share plus a brokerage commission of $540. Apollo Inc. has 130,440 sheres of cemmon stock outstanding. Apr. 1. Purchased securities of Ares Inc, as a trading investment for $19,760. June 1., Soid 600 shares of Apolie Inc: for $36 per shore lest a $80 brokerage commission. June 27. Recelved an annusil dividend of $0.11 per shere on 2,100 shares of Apollo Inc. stock. Oct. 15. Sold the remaining shares of Apoilo Inc. for 536 per share less a 525 brokerage commission. Dec. 31. The trading securites of Ares tnc. have a fair value on December 31 of 123,769 . 20y9 Mar. 14, Purchased securitien of Athena Inc, as a trading investment for 551,780 . July 30. Sold securities of Athena then that cost 50,630 for 57,340 . Dec, 31. The fair values of the Ares Inc, and Athena Inc, securities are as follows: required: . Journalize the entries to record the preceding transactions, including any December 31 adjusting entries, If an amount box does not equire an entry, leave it blank. In your computations, round per share amounts to two decimal places. When required, round inal answers to the nearest dollar. June 27 Oct. 15 Dec. 31 20y9 Mar. 14 2. Prepare the Trading investments section of the December 31,20Y9, balance sheet for Zeus Inc. 3. How are unreslized gains or loswes on trading investments presented on the financial statements of Zeus In Unrealized gains or iosses are reported in the oten as

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