Maurice Tutor

(5)

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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, 2 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 31 Jul 2017 My Price 5.00

Omar Corporation

Omar Corporation, which has begun investing in trading securities, engaged in the following transactions:
Jan. 6 Purchased 7,000 shares of Quaker Oats stock, $30 per share.
Feb. 15 Purchased 9,000 shares of EG&G, $22 per share.
At year end on June 30, Quaker Oats was trading at $40 per share, and EG&G was trading at $18 per share.
Record the entries in journal form for the purchases. Then record the necessary year-end adjusting entry. (Include a schedule of the trading portfolio cost and market in the explanation.) Also record the entry for the sale of all the EG&G shares on August 20 for $16 per share. Is the last entry affected by the June 30 adjustment?

Answers

Maurice Tutor
(5)
Status NEW Posted 31 Jul 2017 06:07 PM My Price 5.00

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