Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 30 Jul 2017 My Price 13.00

Deal Company

Deal Company, which began operations in 2011, invests its idle cash in trading securities. The following transactions relate to its short-term investments in its trading securities.

2011

Mar. 10 Purchased 1,200 shares of AOL at $59.15 per share plus a $773 commission.

May 7 Purchased 2,500 shares of MTV at $36.25 per share plus a $1,428 commission.

Sept. 1 Purchased 600 shares of UPS at $57.25 per share plus a $625 commission.

2012

Apr. 26 Sold 2,500 shares of MTV at $34.50 per share less a $1,025 commission.

Apr. 27 Sold 600 shares of UPS at $60.50 per share less an $894 commission.

June 2 Purchased 1,800 shares of SPW at $172 per share plus a $1,625 commission.

June 14 Purchased 450 shares of Walmart at $50.25 per share plus a $541.50 commission.

2013

Jan. 28 Purchased 1,000 shares of PepsiCo at $43 per share plus a $1,445 commission.

Jan. 31 Sold 1,800 shares of SPW at $168 per share less a $1,020 commission.

Aug. 22 Sold 1,200 shares of AOL at $56.75 per share less a $1,240 commission.

Sept. 3 Purchased 750 shares of Vodaphone at $40.50 per share plus an $840 commission.

Oct. 9 Sold 450 shares of Walmart at $53.75 per share less a $610.50 commission.

Required

1. Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.)

2. On December 31, 2013, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities when PepsiCo’s share price is $41 and Vodaphone’s share price is $37. (Assume the Fair Value Adjustment—Trading account had an unadjusted balance of zero.)

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 01:07 PM My Price 13.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)
Relevent Questions