Question: Need help on part c. Thankyou Problem 12-2A (Part Level Submission) During 2018, Golden Valley Financial Corporation had the following held for trading investment transactions:
Need help on part c. Thankyou


Problem 12-2A (Part Level Submission) During 2018, Golden Valley Financial Corporation had the following held for trading investment transactions: Feb. 1 Purchased 660 CBF common shares for $41,580 Mar. Purchased 830 RSD common shares for $27,390 Apr. 1 Purchased 790 MRT bonds at face value, for $58,200. Interest is received semi-annually on April 1 and October 1 July Received a cash dividend of $3 per share on the CBF common shares Aug. 1 Sold 190 CBF common shares at $61 per share Sept. Received a cash dividend of $1.60 per share on the RSD common shares. Oct. 1 Received the semi-annual interest on the MRT bonds 1 Sold the MRT bonds for $60,400 Dec. 31 The market prices of the CBF and RSD common shares were $58 and $34 per share, respectively Your answer is partially correct. Try again Record the above transactions, including any required adjusting entries, using the fair value through profit or loss model (Credit account titles 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 places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 1,500 U 41,580 27350 Feb. 1Held for Trading Investment as ar. 1 [Held for Trading Investment as 7390 r. 1Long-lerm Investments 58200 as 58200 as 1980 ividend Revenue 1980 Aug. 1 Cash 11590 380 ealized Loss on Held for Trading Investment Held for Trading Investment 11970 as 1328 ividend Revenue 1328 as 2037 Interest Revenue 2037 (To record interest on the MRT bonds.) as 60400 Long-Term Investments 58200 2200 Realized Gain on Long-Term Investments (To record sale of MRT bonds.) ec. 31 Unrealized Loss on Long-Term Investments 152 Long-Term Investments 115201 Attempts: 3 of 3 used Your answer is partially correct. Try again Show how the investments would be presented on the statement of financial position at December 31, 2018 GOLDENVALLEY FINANCIAL CORPORATION Statement of Financial Position (Partial) December 31, 201
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