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Problem 12-2A (Part Level Submission) During 2018, Uli Financial Corporation had the following held for trading investment transactions: Feb. 1 1 Mar. Apr. 1 1
Problem 12-2A (Part Level Submission) During 2018, Uli Financial Corporation had the following held for trading investment transactions: Feb. 1 1 Mar. Apr. 1 1 1 July Aug. Sept. Oct. Purchased 600 CBF common shares for $33,000. Purchased 770 RSD common shares for $23,100. Purchased 7% MRT bonds at face value, for $57,600. Interest is received semi-annually on April 1 and October 1. Received a cash dividend of $3 per share on the CBF common shares. Sold 220 CBF common shares at $53 per share. Received a cash dividend of $1.50 per share on the RSD common shares. Received the semi-annual interest on the MRT bonds. Sold the MRT bonds for $59,400. The market prices of the CBF and RSD common shares were $50 and $31 per share, respectively. 1 1 1 Dec. 31 (a) Your answer is partially correct. Try again. Record the above transactions, including any required adjusting entries, using the fair value through profit or loss model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record entries in the orde presented in the question. Round answers to o decimal places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Apr. 1 Mar. 1 Sept. 1 Sept. 1 Aug. 1 Mar. 1 Sept. 1 Sept. 1 X Aug. 1 Apr. 1 Dec. 31 (To record interest on the MRT bonds.) (To record sale of MRT bonds.) Dec. 31
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