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twine is a company who specializes in T company the following securities in its poet ofte 10.000 ordinary she T-Zar Cop20,000 ordinary shares 5674.00 During
twine is a company who specializes in T company the following securities in its poet ofte 10.000 ordinary she T-Zar Cop20,000 ordinary shares 5674.00 During 2014, TWG Ine had the following transactions April 1 Sold 10.000 ordinary shares of Buyer Ine for $15 50 less brokersfees of $1.500 May 1 Purchased 12.000 ordinary shares of Busboys Inc. for $22.50 plus brokersfees of 5550 As at December 31, 2014, the company's portfolio of trading equity investments showed the following: $364.000 $390.000 T-Zar Inc 20,000 ordinary shares Busboys Inc. 12.000 ordinary shares $634.000 Required Prepare the following journal entries for TWG Inc. (show all of your working a) December 31, 2013 adjusting entry. b) April 1, 2014 sale of Buyer Inc. shares. c) May 1, 2014 purchase of Busboys Inc. shares d) December 31, 2014 adjusting entry TURNOV twine is a company who specializes in T company the following securities in its poet ofte 10.000 ordinary she T-Zar Cop20,000 ordinary shares 5674.00 During 2014, TWG Ine had the following transactions April 1 Sold 10.000 ordinary shares of Buyer Ine for $15 50 less brokersfees of $1.500 May 1 Purchased 12.000 ordinary shares of Busboys Inc. for $22.50 plus brokersfees of 5550 As at December 31, 2014, the company's portfolio of trading equity investments showed the following: $364.000 $390.000 T-Zar Inc 20,000 ordinary shares Busboys Inc. 12.000 ordinary shares $634.000 Required Prepare the following journal entries for TWG Inc. (show all of your working a) December 31, 2013 adjusting entry. b) April 1, 2014 sale of Buyer Inc. shares. c) May 1, 2014 purchase of Busboys Inc. shares d) December 31, 2014 adjusting entry TURNOV
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