90.2K

Verified Solution

Link Copied!

The following information applies to the questions displayed below. Grass Security, which began operations In 2013, Invests In long-term avallable-for-sale securities. Following lis a series of transactions and events determining its long-term Investment activity. 2013 Jan. 20 Purchased 2,800 shares of Johnson & Johnson at $22.30 per share plus a $420 commlsslon. Feb. 9 Purchased 3,000 shares of Sony at $48.00 per share plus a $405 commission. June 12 Purchased 3,300 shares of Mattel at $28.80 per share plus an $375 commlsslon. Dec. 31 Per share falr values for stocks In the portfolio are Johnson & Johnson, $23.30 Mattel, $32.70; Sony, $39.80 2014 Apr. 15 Sold 2,800 shares of Johnson & Johnson at $25.30 per share less a $705 commlsslon. July 5 Sold 3,300 shares of Mattel at $25.70 per share less a $415 commlsslon. July 22 Purchased 2,400 shares of Sara Lee at $24.30 per share plus a $660 commlsslon. Aug. 19 Purchased 2,700 shares of Eastman Kodak at $18.80 per share plus a $378 commisslon. Dec. 31 Per share falr values for stocks In the portfollo are: Kodak, $21.05; Sara Lee, $21.80, Sony, $36.80 2015 Feb. 27 Purchased 4.200 shares of MIcrosoft at $68.80 per share plus a $705 commission. June 21 Sold 3,000 shares of Sony at $49.80 per share less a $1,060 commisslon. June 30 Purchased 3,200 shares of Black & Decker at $3780 per share plus a $615 commisslon. Aug. 3 Sold 2,400 shares of Sara Lee at $18.05 per share less a $615 commlsslon. Nov. Sold 2,700 shares of Eastman Kodak at $24.55 per share less a $805 commisslon. Dec. 31 Per share falr values for stocks In the portfolio are: Black & Decker, $40.80; Microsoft, $70.80

Answer & Explanation Solved by verified expert

See Answer