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What are the journal entries for a non profit organization's purchase of stock with the following info: 1 . Purchase 1 0 0 0 shares
What are the journal entries for a non profit organization's purchase of stock with the following info:
Purchase shares at share price $ on
Debit to Investment of $
Credit to Cash of $
Record price adjustment at end of February with share price now at $
Debit to Investment of $
Credit to Unrealized Gain of $
Record sale of shares of the stock at $ share price on March
Debit to Cash
Debit to Unrealized Gain
Debit to Realized Gain
Credit to Investment
Please help me alculate the remaining blanks and please let me know if I have the correct debit and credit accounts in part Thank you!
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