Question: Question Completion Status: 20 points Use the following information to complete the investment Account (general ledger) in the books of a company for the financial

the investment Account (general ledger) in the books of a company for

the financial period ended 28 February 2021 as well required A company

Question Completion Status: 20 points Use the following information to complete the investment Account (general ledger) in the books of a company for the financial period ended 28 February 2021 as well required A company uses a ledger account for investments in 8% R1 Municipal Stocks, showing nominal value Income and capital investment, Interest on stocks payable 30 June Their documents showed the following transactions in the above-mentioned stock 1 2 3 Balance on hand 1 March 2020 R6 000, valued at R6 100 On 1 June 2020 purchased R3 000 at 105 cum div. Brokerage and expenses amounted to R15 On 1 November 2020 sold R6 000 at 110 cum div. Brokerage and expenses amounted to R30 On 1 December 2020 purchased R9 000 at 102 ex div. Brokerage and expenses amounted to R45 On 1 February 2021 sold R4 500 al 103 ex div. Brokerage and expenses amounted to R25 4 5 The company's financial year ends on 28 February. They value stock at Fifo. INVESTMENT ACCOUNT 8% R1 MUNICIPAL STOCKS. INTEREST 30. JUNE AND 31 DECEMBER Cap Date Details Nom Inc Date Details Inc Nom 2020 2020 27C Sunny a do ENG US 50 PM 13-Sep-21 o Question Completion Status: INVESTMENT ACCOUNT 8% R1 MUNICIPAL STOCKS - INTEREST: 30 JUNE AND 31 DECEMBER Cap Date Details Nom Date Details Nom Inc Ine 2020 01/03 Balance 6 2020 01/06 000 Inc adjustment 01/06 Bank 3 000 30/06 Bank 01/11 Bank Capital 6 000 Capital Inc adjustment Profit with sale 01/11 01/12 Capital 01/12 Bank 000 31/12 Bank Inc adjust 2021 2021 01/02 Capital 01/02 Bank 500 E 27C Surya NING 501 PM 13:21 US Question Completion Status: Inc adjust 2021 2021 01/02 Capital 01/02 Bank 4 500 Profit with sale 28/02 Profit and loss 28/02 Inc adjustment Income accrued Balance 01/03 Balance of the company had used the weighted average method of valuation for the above Investment What would the motorious be for the transaction on November 2007 What would the balance of the coital columit beat the end of the financial year? 1504 cach RI 27C Sunny ENG US M Question Completion Status: 20 points Use the following information to complete the investment Account (general ledger) in the books of a company for the financial period ended 28 February 2021 as well required A company uses a ledger account for investments in 8% R1 Municipal Stocks, showing nominal value Income and capital investment, Interest on stocks payable 30 June Their documents showed the following transactions in the above-mentioned stock 1 2 3 Balance on hand 1 March 2020 R6 000, valued at R6 100 On 1 June 2020 purchased R3 000 at 105 cum div. Brokerage and expenses amounted to R15 On 1 November 2020 sold R6 000 at 110 cum div. Brokerage and expenses amounted to R30 On 1 December 2020 purchased R9 000 at 102 ex div. Brokerage and expenses amounted to R45 On 1 February 2021 sold R4 500 al 103 ex div. Brokerage and expenses amounted to R25 4 5 The company's financial year ends on 28 February. They value stock at Fifo. INVESTMENT ACCOUNT 8% R1 MUNICIPAL STOCKS. INTEREST 30. JUNE AND 31 DECEMBER Cap Date Details Nom Inc Date Details Inc Nom 2020 2020 27C Sunny a do ENG US 50 PM 13-Sep-21 o Question Completion Status: INVESTMENT ACCOUNT 8% R1 MUNICIPAL STOCKS - INTEREST: 30 JUNE AND 31 DECEMBER Cap Date Details Nom Date Details Nom Inc Ine 2020 01/03 Balance 6 2020 01/06 000 Inc adjustment 01/06 Bank 3 000 30/06 Bank 01/11 Bank Capital 6 000 Capital Inc adjustment Profit with sale 01/11 01/12 Capital 01/12 Bank 000 31/12 Bank Inc adjust 2021 2021 01/02 Capital 01/02 Bank 500 E 27C Surya NING 501 PM 13:21 US Question Completion Status: Inc adjust 2021 2021 01/02 Capital 01/02 Bank 4 500 Profit with sale 28/02 Profit and loss 28/02 Inc adjustment Income accrued Balance 01/03 Balance of the company had used the weighted average method of valuation for the above Investment What would the motorious be for the transaction on November 2007 What would the balance of the coital columit beat the end of the financial year? 1504 cach RI 27C Sunny ENG US M

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Gear C is rigidly attached to arm AB. If the forces and couple shown can be reduced to a single equivalent force at A, determine the equivalent force and the magnitude of the couple M.

Question Completion Status: 20 points Use the following information to complete the investment Account (general ledger) in the books of a company for the financial period ended 28 February 2021 as...

QUESTION ONE [20] Show how the below transactions affect the financial position of the business as represented by A = E + L. You need to clearly indicate whether the element has increased or...

A physical stock take was done on 28 February 2021 and there were 26 transformers on hand, excluding the two damaged transformers that were returned by the client. After thorough investigation it was...

QUESTION THREE [20] Adax Designs Services is a partnership with Adam and Max as partners. The partnership has been operating successfully for a number of years now. The partners have a written...

QUESTION 1 (50 Marks : 75 Minutes) Hilton Manufacturers (Pty) Limited, a resident of the Republic, was formed by Stephen Manning a South African resident who holds 75% of the shareholding. Five of...

QUESTION 1 [40 MARKS] Campers CC (hereafter Campers), is a resident of the Republic. It is a Durban-based manufacturer of camping equipment and other outdoor products for the local and foreign...

QUESTION 1 (50 Marks : 75 Minutes) Hilton Manufacturers (Pty) Limited, a resident of the Republic, was formed by Stephen Manning a South African resident who holds 75% of the shareholding. Five of...

BSBFIM501: Assessment 2- Managing Budgets. I am so bad at this, and don't understand how to do any of this assessment. BSBFIM501 - Assessment 2 Task 1 - Sales Budget Part A (1) The Black Helmet Motor...

.ill MTN-SA 09:40 39% Done BCoM IT Year 1 PH JULY 2018... (A EAR Value Added Tax(VAT) must be ignored Use the formats contained in your study puide to answer questions 2 05 2. QUESTION 20 For each of...

REQUIRED: Complete the financial statements with the missing amounts and details. The entire statements must be submitted. Where applicable, show your workings in brackets. You may highlight your...

What are solid wastes and hazardous wastes? What is the difference between them?

REH Corporations most recent dividend was $3 per share, its expected annual rate of dividend growth is 5%, and the required return is now 15%. A variety of proposals are being considered by...

LarCalc 1 1 1 5 . 4 . 0 3 6 . region. R : region bounded b y the graphs o f y = 1 - x 2 2 and y = 0

Once you have completed the budget, determine the following balances. On the template, make sure you link your answer to the appropriate cell. Failure to link to the appropriate cell will result in...

Noventis Corporation prepared the following estimates for the four quarters of the current year: Additional Information First-quarter administrative costs include the $160,000 annual insurance...

Emma Jones is planning to move to Oxford, MS to start her new job at a real estate firm. She has not yet decided whether she wants to rent or buy a property in Oxford. Emma is not from Mississippi...

A company is planning an investment of 5,000,000 today. The investment is depreciated on a straight-line basis over the life of 5 years and the residual value at the end of the project is assumed to...

Assume that a Parent company owns 65 percent of its Subsidiary. The parent company uses the equity method to account for its Equity investment. On January 1, 2015, the Parent company issued to an...

In a supplier development program, what is the significance of involving the supplier's top management? It is largely a formality to establish a good relationship with the supplier. It is a legal...

c. On the basis of these two continua, determine Oprah Winfreys communication style. d. In your opinion, does Oprah Winfrey display style flexibility?

1. During the next week, study the listening habits of students in another class in which you are enrolled. Keep a journal of your observations by identifying the nonverbal behaviors you witness. Are...

a. On the dominance continuum, place a mark where you feel she belongs.