Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 31 Jul 2017 My Price 7.00

Horizon Bancorp Inc

Horizon Bancorp Inc. purchased a portfolio of trading securities during 2009. The cost and fair value of this portfolio on December 31, 2009, was as follows:


On April 3, 2010, Horizon Bancorp Inc. purchased 500 shares of Cable, Inc., at $30 per share plus a $100 brokerage fee. On December 31, 2010, the trading security portfolio had the following cost and fair value:


Provide the journal entries to record the following:
(a) The adjustment of the trading security portfolio to fair value on December 31, 2009.
(b) The April 3, 2010, purchase of Cable, Inc.,stock.

Answers

(5)
Status NEW Posted 31 Jul 2017 07:07 PM My Price 7.00

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