During 2018, Laramie Financial Corporation had the following held for trading investment transactions: ...
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Accounting
During 2018, Laramie Financial Corporation had the following held for trading investment transactions:
Feb. | 1 | Purchased 580 CBF common shares for $34,220. | |
Mar. | 1 | Purchased 780 RSD common shares for $21,840. | |
Apr. | 1 | Purchased 7% MRT bonds at face value, for $65,000. Interest is received semi-annually on April 1 and October 1. | |
July | 1 | Received a cash dividend of $3 per share on the CBF common shares. | |
Aug. | 1 | Sold 180 CBF common shares at $57 per share. | |
Sept. | 1 | Received a cash dividend of $1.40 per share on the RSD common shares. | |
Oct. | 1 | Received the semi-annual interest on the MRT bonds. | |
1 | Sold the MRT bonds for $67,000. | ||
Dec. | 31 | The market prices of the CBF and RSD common shares were $54 and $29 per share, respectively. |
Laramie had the following held for trading investment transactions in 2019:
Mar. | 1 | Sold 400 CBF common shares for $23,200. | |
June | 1 | Purchased 2,200 KEF common shares for $30,800. | |
Sept. | 1 | Received a cash dividend of $1.40 per share on the RSD common shares. | |
Oct. | 1 | Sold 390 RSD common shares for $12,090. | |
Dec. | 31 | The market prices of the RSD and KEF common shares were $33 and $11 per share, respectively. |
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