You are working for The Wellington Company on temporary assignment while one of the accountants is on family leave. You have been asked to review the companys investment journal entries and provide necessary information to the accountant preparing the financial statements.

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JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1	Jan. 17	Investments-Red Rock Co. Stock		38,500.00
2		Cash			38,500.00
3	Feb. 5	Investments-Sunset Village Bonds		35,000.00
4		Interest Receivable		300.00
5		Cash			35,300.00
6	23	Investments-Mays and Co. Stock		26,250.00
7		Cash			26,250.00
8	Mar. 31	Cash		350.00
9		Interest Receivable			300.00
10		Interest Revenue			50.00
11	Apr. 6	Investment in Minions Corp. Stock		175,000.00
12		Cash			175,000.00
13	30	Cash		750.00
14		Dividend Revenue			750.00
15	Jul. 1	Cash		18,690.00
16		Loss on Sale of Investment		2,520.00
17		Interest Revenue			210.00
18		Investments-Sunset Village Bonds			21,000.00
19	Aug. 14	Cash		41,300.00
20		Gain on Sale of Investments			1,800.00
21		Investments-Harding Construction Stock			39,500.00
22	27	Cash		3,500.00
23		Investment in Minions Corp. Stock			3,500.00
24	Sep. 22	Cash		29,750.00
25		Gain on Sale of Investments			3,500.00
26		Investments-Mays and Co. Stock			26,250.00
27	30	Cash		140.00
28		Interest Revenue			140.00
29	Nov. 1	Investment in Minions Corp. Stock		15,750.00
30		Income of Minions Corp.			15,750.00
31	Dec. 31	Unrealized Loss on Available-For-Sale Investments		3,275.00
32		Valuation Allowance for Available-For-Sale Investments			3,275.00
33	31	Valuation Allowance for Trading Investments		2,150.00
34		Unrealized Gain on Trading Investments			2,150.00

b. Based on these journal entries, what is the companys investment in Sunset Village bonds at the end of the year?

c. What is the companys investment in Minions Corp. at the end of the year?

d.

Which of the following investments are likely to be available-for-sale securities? Check all that apply.

Sunset Village bonds

Red Rock Co. stock

Cannot be determined

Mays and Co. stock

Harding Construction stock

Minions Corp. stock