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On January 3, Year 7, Nahla Corporation purchased the following trading securities...

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Accounting

On January 3, Year 7, Nahla Corporation purchased the following trading securities as an investment:
Required:
a. Prepare the joumal entry to record the acquisition of the investment.
b. On June 30, Year 7, C Company paid interest of $2,400. Frepare the joumal entry that would be used by Nahla to record the interest receipt.
c. On December 31, Year 7, the market values per share were:
Prepare any joumal entry necessary to record these changes in market value.
d. On March 14, Year 7, Nahla sold the investment in C Company for $18 per share. Prepare the journal entry to record the sale.
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