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11 Nov 2019
Mainly need help with year 2018, and 2019
Problem 15-3A Recording, adjusting, and reporting long-term available-for-sale securities P3 Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity 2017 Jan. 20 Purchased 1.000 shares of Johnson & Johnson at $20.50 per share plus a $240 commission Feb. 9 Purchased 1,200 shares of Sony at $46.20 per share plus a $225 commission. June 12 Purchased 1,500 shares of Mattel at $27.00 per share plus a S195 commission Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $21.50; Mattel, $30.90; and Sony, S38 2018 Apr. 15 Sold 1,000 shares of Johnson& Johnson at $23.50 per share less a $525 commission July 5 Sold 1,500 shares of Mattel at $23.90 per share less a $235 commission. July 22Purchased 600 shares of Sara Lee at $22.50 per share plus a $480 commission. Aug. 19 Phased 900 shares of Eastman Kodak at $17 per share plus a S198 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Kodak. $19.25; Sara Lee, $20.00; and Sony. $35.00
Mainly need help with year 2018, and 2019
Problem 15-3A Recording, adjusting, and reporting long-term available-for-sale securities P3 Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity 2017 Jan. 20 Purchased 1.000 shares of Johnson & Johnson at $20.50 per share plus a $240 commission Feb. 9 Purchased 1,200 shares of Sony at $46.20 per share plus a $225 commission. June 12 Purchased 1,500 shares of Mattel at $27.00 per share plus a S195 commission Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $21.50; Mattel, $30.90; and Sony, S38 2018 Apr. 15 Sold 1,000 shares of Johnson& Johnson at $23.50 per share less a $525 commission July 5 Sold 1,500 shares of Mattel at $23.90 per share less a $235 commission. July 22Purchased 600 shares of Sara Lee at $22.50 per share plus a $480 commission. Aug. 19 Phased 900 shares of Eastman Kodak at $17 per share plus a S198 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Kodak. $19.25; Sara Lee, $20.00; and Sony. $35.00
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