Southern Corporation reports short-term investments on its balance sheet. Suppose a division of Southern completed the following

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Southern Corporation reports short-term investments on its balance sheet. Suppose a division of Southern completed the following short-term investment transactions during 2012:

Southern Corporation reports short-term investments on its balan

Requirement
1. Prepare T-accounts for Cash, Short-Term Investment, Dividend Revenue, Unrealized Gain (Loss) on Investment, and Gain on Sale of Investment. Show the effects of Southern€™s investment transactions. Start with a cash balance of $96,000; all the other accounts start atzero.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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