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S8-1 (Learning Objective 2: Analyze and report an available-for-sale investment) Mail 4 You completed these...

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Accounting

S8-1

(Learning Objective 2: Analyze and report an available-for-sale investment) Mail 4 You completed these long-term available-for-sale investment transactions during 2012:

2012

Apr

10

Purchased 600 shares of Tycon stock, paying $17 per share.

Mail 4 You intends to hold the investment for the indefinite future.

Jul

22

Received a cash dividend of $1.24 per share on the Tycon stock.

Dec

31

Adjusted the Tycon investment to its current market value of $5,500.

1. Journalize Mail 4 You

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