Question: Help i jsut need help findign the retained earnings Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price,

Help i jsut need help findign the retained earnings Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences

Help i jsut need help findign the retained earnings

Rantzow-Lear Company buys and sells debt securities expecting to earn profits on short-term differences in price, and holds these investments in its trading portfolio. The company's fiscal year ends on December 31. The following selected transactions relating to Rantzow-Lear's trading account occurred during December 2024 and the first week of 2025. Required: 1. Prepare the appropriate journal entry or entries for each transaction. 2. Indicate any amounts that Rantzow-Lear Company would report in its 2024 balance sheet and income statement as a result of this investment. Ignore income taxes.

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