Pina Colada Corp. has the following portfolio of securities acquired for trading purposes and accounted...
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Pina Colada Corp. has the following portfolio of securities acquired for trading purposes and accounted for using the FVNI model at September the end of the company's third quarter: On October the Yuen shares were sold for $ per share. On November common shares of Patriot Corp. were purchased at $ per share. Pina Colada pays a commission on purchases and sales of all securities At the end of the fourth quarter, on December the fair values of the shares held were as follows: Monty $; Patriot $; and Oakwood $ Pina Colada prepares financial statements every quarter. a Prepare the journal entries to record the sale, purchase, and adjusting entries related to the portfolio for the fourth quarter of Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries. 
Pina Colada Corp. has the following portfolio of securities acquired for trading purposes and accounted for using the FVNI model at
September the end of the company's third quarter:
On October the Yuen shares were sold for $ per share. On November common shares of Patriot Corp.
were purchased at $ per share. Pina Colada pays a commission on purchases and sales of all securities At the end of the
fourth quarter, on December the fair values of the shares held were as follows: Monty $; Patriot $; and
Oakwood $ Pina Colada prepares financial statements every quarter.
a
Prepare the journal entries to record the sale, purchase, and adjusting entries related to the portfolio for the fourth quarter of
Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select
No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. List all debit
entries before credit entries.
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