es Mailings Review View Developer Tell me AaBbceDdl Aa Bbce A 211 , Ovp daRbCod AaBbCcD AaBbCeDd Emphasis Heading 1 Normal Strong Subtit ACC207 Principles of Accounting II Assignment 84A Problem 1: The following data pertains to the securities of Hagley Company during the company's first year of operations. Hagley uses the Cost Method to record its Investments a. Purchased 400 shares of Corporation A stock at $40 per share. This security is classified as trading. Date Account Debit Credit b. Purchased 60, $1,000 of Corporation B bonds for $60,000. These bonds are classified as trading Date Account Dobit Credit c. Received a cash dividend of $ 1.50 per share on the Corporation A stock Date Account Dobit Credit d. Sold 100 shares of Corporation A stock for $46 per share. Date Account Debit Credit .. Received interest of $600 on the Corporation B bonds. Date Account Debit Credit tatool Focus ACC207 Assignment #4A - 2021 - Compatibility Mode - Saved to my Mac Mailings Review View Developer Tell me 21 AaBb Cebdl AaBbce AaBb CcDdx Aa BbCcD AaBbCcDdE Emphasis Heading 1 Normal Strong av E f. Purchase 50 shares of Corporation C stock for $3,500. Classified the stock as trading Account Debit Date Credit 9. Received interest on $600 on the Corporation B bonds. Date Account Debit Credit h. Sold 150 shares of Corporation A stock for $28 per share. Debit Credit Date Account b. Prepare the adjusting entry at December 31, to report the investments at fair value. All securities are considered to be trading securities. FMV: Corporation A ($45), Corporation B ($1,200), and Corporation C($65). Cost Fair Value Security Corporation A Corporation B Corporation Total Journal entry to record the investments at for market value Date Dabit Credit Account Focus ACC207 Assignment #4A - 2021 - Compatibility Mode - Saved to my Mac Review View Developer Tell me Mailings AaBbceDdl Aa Bbc dee AaB CeDdB AaBbCcD ABCD Emphasis Heading 1 Normal Strong Problem 2: Mark to Market Accounting a Starbucks Corporation has the following trading securities: Securities Cost Fair Value Unrealized gain / loss Dunkin Doughnuts 112,000 125,000 Hershey Foods 95,000 90,000 Total Prepare the adjusting entry to record the securities at fair value. Date Account Debit Credit b. McDonald's Corporation has the following available for sale securities Securities Cost Fair Value Unrealized gain / loss Yank Corporation 60,000 63,000 Kodak Corporation 95,000 90,000 Total Prepare the adjusting entry to record the securities at fair value. Date Account Debat Credit Tales go es Mailings Review View Developer Tell me AaBbceDdl Aa Bbce A 211 , Ovp daRbCod AaBbCcD AaBbCeDd Emphasis Heading 1 Normal Strong Subtit ACC207 Principles of Accounting II Assignment 84A Problem 1: The following data pertains to the securities of Hagley Company during the company's first year of operations. Hagley uses the Cost Method to record its Investments a. Purchased 400 shares of Corporation A stock at $40 per share. This security is classified as trading. Date Account Debit Credit b. Purchased 60, $1,000 of Corporation B bonds for $60,000. These bonds are classified as trading Date Account Dobit Credit c. Received a cash dividend of $ 1.50 per share on the Corporation A stock Date Account Dobit Credit d. Sold 100 shares of Corporation A stock for $46 per share. Date Account Debit Credit .. Received interest of $600 on the Corporation B bonds. Date Account Debit Credit tatool Focus ACC207 Assignment #4A - 2021 - Compatibility Mode - Saved to my Mac Mailings Review View Developer Tell me 21 AaBb Cebdl AaBbce AaBb CcDdx Aa BbCcD AaBbCcDdE Emphasis Heading 1 Normal Strong av E f. Purchase 50 shares of Corporation C stock for $3,500. Classified the stock as trading Account Debit Date Credit 9. Received interest on $600 on the Corporation B bonds. Date Account Debit Credit h. Sold 150 shares of Corporation A stock for $28 per share. Debit Credit Date Account b. Prepare the adjusting entry at December 31, to report the investments at fair value. All securities are considered to be trading securities. FMV: Corporation A ($45), Corporation B ($1,200), and Corporation C($65). Cost Fair Value Security Corporation A Corporation B Corporation Total Journal entry to record the investments at for market value Date Dabit Credit Account Focus ACC207 Assignment #4A - 2021 - Compatibility Mode - Saved to my Mac Review View Developer Tell me Mailings AaBbceDdl Aa Bbc dee AaB CeDdB AaBbCcD ABCD Emphasis Heading 1 Normal Strong Problem 2: Mark to Market Accounting a Starbucks Corporation has the following trading securities: Securities Cost Fair Value Unrealized gain / loss Dunkin Doughnuts 112,000 125,000 Hershey Foods 95,000 90,000 Total Prepare the adjusting entry to record the securities at fair value. Date Account Debit Credit b. McDonald's Corporation has the following available for sale securities Securities Cost Fair Value Unrealized gain / loss Yank Corporation 60,000 63,000 Kodak Corporation 95,000 90,000 Total Prepare the adjusting entry to record the securities at fair value. Date Account Debat Credit Tales go