Question: Please Answer these three Q Using the following data from the comparative statements of the financial position of Ajman, illustrates the horizontal analysis. (Note: answer


Using the following data from the comparative statements of the financial position of Ajman, illustrates the horizontal analysis. (Note: answer the amount and the percentage) December 31, 2020 December 31, 2019 Increase or (decrease) Amount Percentage (%) $ 420,000 Inventory Accounts receivable 260,000 $ 250,000 175,000 3,000,000 Total assets 2,500,000 1 ir B I F T O = = % On February 1, Ajman Co. purchased 250 ordinary shares (2% ownership) of LULU Company for $40.00 per share. March 20 Ajman sold 50 shares of LULU for $1,750 April 25. Ajman Co. received a dividend of 1.00 per share REQUIRED: Prepare the journal entries to record the transactions described above. 1 i. BIR-T E O EE % 5 RR Holding Limited's investment securities are classified as trading securities, and some are classified as non-trading. The cost and fair value of each category at December 31, 2020, were as follows. Types of Securities Cost Fair Value Unrealized Gain (Loss) Trading securities $ 48,000 $ 42,450 ($ 5,550) Non-trading securities 29,550 31,600 2,050 At December 31, 2019, the Fair Value Adjustment balances are as follows: Trading securities account had a debit balance of $1,100. Non-Trading securities account had a credit balance of $3,875. REQUIRED: Prepare the required journal entries for each group of securities for December 31, 2020
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