The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 356 Weeks Ago, 2 Days Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
Â
Â
|
Ryder Company, which began operations in 2011, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities. |
Â
| 2011 | ||
| Jan. | 20 | Purchased 900 shares of Ford Motor Co. at $26 per share plus a $125 commission. |
| Feb. | 9 | Purchased 2,800 shares of Lucent at $34 per share plus a $195 commission. |
| Oct. | 12 | Purchased 760 shares of Z-Seven at $7.60 per share plus a $95 commission. |
Â
| 2012 | ||
| Apr. | 15 | Sold 900 shares of Ford Motor Co. at $31 per share less a $295 commission. |
| July | 5 | Sold 760 shares of Z-Seven at $10.50 per share less a $100 commission. |
| July | 22 | Purchased 1,900 shares of Hunt Corp. at $32 per share plus a $220 commission. |
| Aug. | 19 | Purchased 1,800 shares of Donna Karan at $14 per share plus a $105 commission. |
| 2013 | ||
| Feb. | 27 | Purchased 3,900 shares of HCA at $35 per share plus a $410 commission. |
| Mar. | 3 | Sold 1,900 shares of Hunt at $27 per share less a $125 commission. |
| June | 21 | Sold 2,800 shares of Lucent at $31.75 per share less a $37 commission. |
| June | 30 | Purchased 1,300 shares of Black & Decker at $47.50 per share plus a $595 commission. |
| Nov. | 1 | Sold 1,800 shares of Donna Karan at $24.00 per share less a $124 commission. |
|
Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.)Â (Input all amounts as positive values. Omit the "$" sign in your response.) |
| Jan. 20, 2011 Â | Â (Click to select)Short-term investments-trading (Lucent)Short-term investments-trading (Ford)Short-term investments-trading (Hunt)Fair value adjustment-tradingShort-term investments-trading (Z-Seven)CashGain on sale of short-term investmentsLoss on sale of short-term investments |
| Â (Click to select)Loss on sale of short-term investmentsShort-term investments-trading (Lucent)Short-term investments-trading (Hunt)Gain on sale of short-term investmentsShort-term investments-trading (Z-Seven)CashShort-term investments-trading (Ford)Fair value adjustment-trading | |
| Feb. 9, 2011 Â | Â (Click to select)Gain on sale of short-term investmentsCashShort-term investments-trading (Lucent)Short-term investments-trading (Hunt)Fair value adjustment-tradingShort-term investments-trading (Ford)Short-term investments-trading (Z-Seven)Loss on sale of short-term investments |
| Â (Click to select)Short-term investments-trading (Ford)Fair value adjustment-tradingShort-term investments-trading (Hunt)CashGain on sale of short-term investmentsLoss on sale of short-term investmentsShort-term investments-trading (Z-Seven)Short-term investments-trading (Lucent) | |
| Oct. 12, 2011 Â | Â (Click to select)Short-term investments-trading (Ford)Short-term investments-trading (Hunt)Short-term investments-trading (Lucent)Fair value adjustment-tradingShort-term investments-trading (Z-Seven)CashLoss on sale of short-term investmentsGain on sale of short-term investments |
| Â (Click to select)Short-term investments-trading (Lucent)CashFair value adjustment-tradingShort-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (Z-Seven)Gain on sale of short-term investments | |
| Apr. 15, 2012 Â | Â (Click to select)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)CashShort-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)Loss on sale of short-term investmentsShort-term investments-trading (Lucent) |
| Â (Click to select)Short-term investments-trading (Lucent)CashShort-term investments-trading (D.Karan)Short-term investments-trading (Hunt)Short-term investments-trading (Ford)Short-term investments-trading (Z-Seven)Gain on sale of short-term investmentsLoss on sale of short-term investments | |
| Â (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)CashShort-term investments-trading (Ford)Short-term investments-trading (D.Karan)Loss on sale of short-term investments | |
| July 5, 2012 Â | Â (Click to select)Short-term investments-trading (Ford)Short-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsCashShort-term investments-trading (D.Karan)Gain on sale of short-term investments |
| Â (Click to select)CashShort-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan) | |
| Â (Click to select)Short-term investments-trading (Z-Seven)Short-term investments-trading (D.Karan)CashShort-term investments-trading (Ford)Short-term investments-trading (Lucent)Loss on sale of short-term investmentsGain on sale of short-term investmentsShort-term investments-trading (Hunt) | |
| July 22, 2012 Â | Â (Click to select)Short-term investments-trading (Hunt)Short-term investments-trading (Lucent)Loss on sale of short-term investmentsShort-term investments-trading (Z-Seven)CashGain on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (D.Karan) |
| Â (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)CashShort-term investments-trading (Z-Seven)Short-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (Lucent)Short-term investments-trading (Hunt) | |
| Aug. 19, 2012 Â | Â (Click to select)Short-term investments-trading (Hunt)Short-term investments-trading (D.Karan)CashShort-term investments-trading (Ford)Short-term investments-trading (Lucent)Loss on sale of short-term investmentsGain on sale of short-term investmentsShort-term investments-trading (Z-Seven) |
| Â (Click to select)Short-term investments-trading (Lucent)Short-term investments-trading (D.Karan)Gain on sale of short-term investmentsLoss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Cash | |
| Feb. 27, 2013 Â | Â (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (D.Karan)Loss on sale of short-term investmentsCashShort-term investments-trading (B&D) |
| Â (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (HCA)Short-term investments-trading (D.Karan)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (Ford)CashShort-term investments-trading (B&D) | |
| Mar. 3, 2013 Â | Â (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (B&D)Short-term investments-trading (Hunt)CashShort-term investments-trading (HCA)Loss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (D.Karan) |
| Â (Click to select)Short-term investments-trading (HCA)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (B&D)CashShort-term investments-trading (Ford) | |
| Â (Click to select)Short-term investments-trading (B&D)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)CashShort-term investments-trading (HCA) | |
| June 21, 2013 Â | Â (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Ford)Short-term investments-trading (B&D)Short-term investments-trading (Hunt)Short-term investments-trading (Lucent)CashGain on sale of short-term investmentsLoss on sale of short-term investments |
| Â (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Hunt)Short-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (B&D)Gain on sale of short-term investmentsShort-term investments-trading (Lucent)Cash | |
| Â (Click to select)Short-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)CashShort-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)Loss on sale of short-term investmentsShort-term investments-trading (HCA) | |
| June 30, 2013 Â | Â (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Ford)Short-term investments-trading (B&D)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (D.Karan)Cash |
| Â (Click to select)Short-term investments-trading (D.Karan)Short-term investments-trading (B&D)Short-term investments-trading (Hunt)CashShort-term investments-trading (HCA)Loss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (Z-Seven) | |
| Nov. 1, 2013 Â | Â (Click to select)Short-term investments-trading (HCA)CashLoss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (B&D)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (D.Karan) |
| Â (Click to select)Short-term investments-trading (D.Karan)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Short-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (HCA)Gain on sale of short-term investmentsShort-term investments-trading (B&D) | |
| Â (Click to select)Short-term investments-trading (Z-Seven)Short-term investments-trading (HCA)Gain on sale of short-term investmentsLoss on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (B&D)Short-term investments-trading (Ford)Short-term investments-trading (D.Karan) |
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l