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  3. s shefmeld, inc. purchased pts) the following equi

s Shefmeld, Inc. purchased pts) the following equity investments at January 1, 2017. (12 Evers...

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Accounting

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s Shefmeld, Inc. purchased pts) the following equity investments at January 1, 2017. (12 Evers Company 950 shares @ $14 each 900 shares @$20 each $13,300 18,000 Company Chance Company 480 shares@ $10 each 4,800 36,100 During 2017, the following transactions took place 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30, Shefield, Inc. sold 310 shares of Chance Company for $12 per share. 3. At December 31, 2017, the stocks had the following values: Evers $16, Rogers $19, and Chance $9. Evers Company 950 shares $16 each $15,200 Rogers Company 900 shares @ $19 each $17,100 Chance Company 170 shares @ $9 each $1,530 $33,830 Instructions: Prepare journal entries for each of the above transactions on Jan 1%, March 1 April 30h and December 31 These equity investments were accounted for under the fair value method 12

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