Financial Accounting! Accounting for a trading investment?

Answers:0   |   LastUpdateAt:2012-09-28 13:25:03  

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crhris
Asked at 2012-09-28 13:25:03
During the fourth quarter of 2010 , Main St. Inc. , excess cash generated , which invested in trading securities , as follows : MedlinePlus MedlinePlus 2010
November 13 1200 purchsed common shares as investment in trading securities , the payment of $ 10 per share . MedlinePlus Received December 14 cash dividend of $ 0.48 per share in trading securities . MedlinePlus December 31 securities adjusted market value of $ 7 per share . MedlinePlus MedlinePlus Requirements : MedlinePlus 1. Open T accounts for Cash ( including opening balance of $ 22,000) , short-term investments , dividends , and gain ( loss) on investments ,
2.Journalize previous transactions and send to T - bills. MedlinePlus 3.Show how to report short-term investment in the principal balance of San December 31 . MedlinePlus 4. Show how to report what should appear on the income statement for the Main St year ended December 31, 2010 . MedlinePlus 5.Main St , trading securities sold for $ 10,512 on January 21, 2011 . Journal Entries sale. MedlinePlus MedlinePlus Financial Accounting Help on my homework PLEASE!
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