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You are bullish on ABC Co . stock. You put up $ 1 8 0 0 to buy 1 3 0 shares on margin. The

You are bullish on ABC Co. stock. You put up $1800 to buy 130 shares on margin. The stock is at $27 per share. What is on the asset side of the initial t-account?
Question 9Answer
a.
share value 3510.00
b.
loan 3510.00; equity 1800.00
c.
loan 1710.00; equity 1800.00
d.
proceeds 3510.00; margin cash 1800.00
e.
short position 3510.00; equity 1800.00

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