At December 31. 2012 the investment in Trading securities of Kellogg Company were as follows...
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At December 31. 2012 the investment in Trading securities of Kellogg Company were as follows :
The fiscal year ends December 31, and these securities were all purchased during the Year 2012
Required
Investor Entries:
- Prepare the journal entry to record the acquisition of these investments on January 1
- Prepare the journal entry to record receipt of Cosco annual preferred cash dividends Oct 31
3) Prepare any necessary entries at year end DEC 31, 2012
4) On JAN10 Following year 2013 Kmart stock was trading at $15 per share and investor decided to sell 200 Kmart shares
5) On JAN 10 Following year 2013 Costco preferred shares were trading at $140 per share and investor is holding on to these for now and instruct to update the accounts
Unit Cost Security.CostcoPreferredstock5%,$25par.KmartCommonstock$10par.shares.$800.$300.JAN1.$125.$25.UnitMarketValueDec31$135$20
At December 31. 2012 the investment in Trading securities of Kellogg Company were as follows :
The fiscal year ends December 31, and these securities were all purchased during the Year 2012
Required
Investor Entries:
- Prepare the journal entry to record the acquisition of these investments on January 1
- Prepare the journal entry to record receipt of Cosco annual preferred cash dividends Oct 31
3) Prepare any necessary entries at year end DEC 31, 2012
4) On JAN10 Following year 2013 Kmart stock was trading at $15 per share and investor decided to sell 200 Kmart shares
5) On JAN 10 Following year 2013 Costco preferred shares were trading at $140 per share and investor is holding on to these for now and instruct to update the accounts
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