Question: Current Attempt in Progress During 2021, Covington Financial Corporation had the following trading investment transactions: Feb. 1 Mar. 1 Apr. 1 July Aug. 1 Oct.


During 2021, Covington Financial Corporation had the following trading investment transactions: Feb. 1 Purchased 660 CBF commonshares for $41,580. Mar: 1 Purchased 830 RSD commonshares for $27,390. Apr. 1 Purchased 7% MRT bonds at face value, for $58,200. Covington received interest from these bonds semi-annually on April 1 and October 1. July 1 Received a cash dividend of $3 per share on the CBF common shares Aug. 1 Sold 190 CBF common shares at $61 per share. Oct. 1 Received the semi-annual interest on the MRT bonds. 1 Sold the MRT bonds for $60,400. Dec 30 RSD declared a dividend of $1.60 per share, payable on January 15 next year. Dec. 31 The rmarket prices of the CBF and RSD common shares were $58 and $34 per share, respectively. debit entries before credit entries. Credit account tities are automatically indented when the amount is entered. Do not indent manually. Record entries in the order presented in the question. Round answers to 0 decimal ploces, eg. 5,250. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) Show how Kakisa would report the investments on the statement of financial position at December 31, 2021. eTextbook and Media List of Accounts Determine the balance in each of the statement of income accounts that is affected in the transactions above and indicate hew the accounts would be presented on the statement of income for the year ended December 31, 2021. (Round enswers to 0 decimal places, es. 5,250. Enter loss using either a negative algn preceding the number es : 2,945 or parentheses eg (2,945).)
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