- C has the following investments it bought during 2012. C stillowns the stocks as of 12-31-14.
Original Fair Value
Cost 12-31-12 12-31-13 12-31-14
Jungle stock $20,000 $21,000 $24,000 $27,000
Regal stock $40,000 $41,000 $35,000 $42,000
Evan stock $14,000 $15,000 $17,000 $13,000
Leia stock $36,000 $37,000 $55,000
None of the stocks pay C a dividend. On 04-14-14, C sold all ofthe Leia stock for $54,000.
Assume C only prepares AJEs every December 31. Prepare theentries C should make on:
- December 31, 2012.
- December 31, 2013.
- April 14, 2014.
- December 31, 2014.
