Question: Please help with # 1 2 , # 1 3 , # 1 4 , # 1 5 , # 1 6 , General Journal
Please help with # # # # # General Journal Names are correct just need numbers. Answer is not compiete.
tableNoDate,General Journal,tableDebitVCreditOctober Investment in equity securitiesCash,vvOctober Cash,QsqrtInterest revenue,sqrtvvNovember Investment in bonds,,Cash,,,vvNovember Loss on investment unrealized NIFair value adjustment,VNovember Cash,,Fair value adjustment,vvInvestment in bonds,vvDecember Investment in bonds,,Cash,VvvDecember Investment in bonds,,Cash,sqrtDecember Investment in equitv securitiesvvCash,,,vvDecember Fair value adjustment,QGain on investment unrealized NIvvDecember Cash,grad,Investment in bonds,,,Fair value adjustment,December Cash,,Dividend revenue,sqrtVDecember Interest receivable,OInterest revenue,December Interest receivable,,,Interest revenue,VDecember Loss on investment unrealized NIFair value adiustment,,,d NIIaJanuary tableLoss on investment unrealized NIFairFair value adjustment,January Cash,,Fair value adjustment,Investment in equity securitiesAmalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time
the company buys and sells securities The following selected transactions relate to Amalgamated's investment activities during the
last quarter of and the first month of The only securities held by Amalgamated at October were $ million of
bonds of Kansas Abstractors, Incorporated purchased on May at face value and held in Amalgamated's trading securities
portfolio. The company's fiscal year ends on December
October Purchased million shares of Millwork Ventures Company common stock for $ million. Millwork has
a total of million shares issued.
October Received semiannual interest of $ million from the Kansas Abstractors bonds.
November Purchased bonds of Holistic Entertainment Enterprises at their $ million face value, to be
held until they mature in Semiannual interest is payable April and October
November Sold the Kansas Abstractors bonds for $ million because rising interest rates are expected to
cause their fair value to continue to fall. No unrealized gains and losses had been recorded on
these bonds previously.
December Purchased bonds of Household Plastics Corporation at their $ million face value, to be held
until they mature in Semiannual interest is payable May and November
December Purchased U S Treasury bonds for $ million as trading securities hoping to earn profits on
shortterm differences in prices.
December Purchased million shares of NXS Corporation's million shares of common stock for $ million,
planning to hold these shares until market conditions encourage their sale.
December Sold the Treasury bonds for $ million.
December Received cash dividends of $ million from the Millwork Ventures Company shares of common stock.
December Recorded any necessary adjusting entries relating to the investments. The market price of the
Millwork Ventures Company common stock was $ per share and $ per share for the NXS
Corporation common stock. The fair values of the bond investments were $ million for Household
Plastics Corporation and $ million for Holistic Entertainment Enterprises.
January Sold the NXS Corporation common stock shares for $ million.
Required:
Prepare the appropriate journal entry for each transaction or event. Use one summary entry on December to adjust the portfolio of
equity investments to fair value.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round
intermediate calculations. Enter your answers in millions rounded to decimal place, ie should be entered as
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