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Zeus Investments Inc. is a regional freight company that began operations on January 1, 20Y8. The following transactions relate to trading securities acquired by Zeus Inc., which has a fiscal year ending on December 31:

20Y8
Feb.	14.	Purchased 2,000 shares of Apollo Inc. common stock at $40 per share plus a brokerage commission of $400. Apollo Inc. has 110,400 shares of common stock outstanding.
Apr.	1.	Purchased securities of Ares Inc. as a trading investment for $16,200.
June	1.	Sold 500 shares of Apollo Inc. for $41 per share less a $70 brokerage commission.
June	27.	Received an annual dividend of $0.13 per share on 1,500 shares of Apollo Inc. stock.
Oct.	15.	Sold the remaining shares of Apollo Inc. for $39 per share less a $26 brokerage commission.
Dec.	31.	The trading securities of Ares Inc. have a fair value on December 31 of $19,200.
20Y9
Mar.	14.	Purchased securities of Athena Inc. as a trading investment for $42,435.
July	30.	Sold securities of Athena Inc. that cost $9,430 for $8,140.
Dec.	31.	The fair values of the Ares Inc. and Athena Inc. securities are as follows:

Issuing Company	Cost	Fair Value
Ares Inc.	$16,200	$17,000
Athena Inc.	60,300	66,000

Required:

1. Journalize the entries to record the preceding transactions, including any December 31 adjusting entries. If an amount box does not require an entry, leave it blank. In your computations, round per share amounts to two decimal places. When required, round final answers to the nearest dollar.

Bus 102 Homework Chapter 15 Prot eBook Date Description Debit Credit 2018 Feb. 14 Investments-Apollo Inc. Stock 80,400 Cash 80,400 Apr. 1 Trading Investments-Ares Inc. 16,200 Cash 16,200 June 1 Cash 20,430 Gain on Sale of Investments Investments-Apollo Inc. Stock June 27 Cash 195 Dividend Revenue 195 Oct. 15 Cash == Loss on Sale of Investments Oct. 15 Cash Loss on Sale of Investments III Investments-Apollo Inc. Stock Dec. 31 Valuation Allowance for Trading Investments 0 Unrealized Gain on Trading Investments 2019 Mar. 14 Trading Investments-Athena Inc. 42,435 Cash 42,435 July 30 Cash 8,140 Loss on Sale of Investments 1,290 Trading Investments-Athena Inc. 9,430 Dec. 31 Valuation Allowance for Trading Investments Unrealized Gain on Trading Investments Bus 102 Homework Chapter 15 Prot eBook July 30 Cash 8,140 Loss on Sale of Investments 1,290 Trading Investments-Athena Inc. 9,430 Dec. 31 Valuation Allowance for Trading Investments Unrealized Gain on Trading Investments 2. Prepare the Trading Investments section of the December 31, 2019, balance sheet for Zeus Inc. Zeus Investments Inc. Balance Sheet (selected items) December 31, 2049 Current Assets: Trading Investments (at Cost) Valuation Allowance for Trading Investments Trading Investments (at Fair Value) 3. How are unrealized gains or losses on trading investments presented on the financial statements of Unrealized gains or losses are reported in the income statement often as Other Revenue 1

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