securities$.$

$$

August $2$ Purchased Verizon bonds for $$24,000.$

September $7$ Purchased Apple bonds for $$49,000.$

September $12$ Purchased Mastercard bonds for $$34,000.$

October $21$ Sold some of its Verizon bonds that had cost $$2,700$ for $$2,880$ cash.

October $23$ Sold some of its Apple bonds that had cost $$29,900$ for $$29,400$ cashs.

November $1$ Purchased Walmart bonds for $$54,000.$

December $10$ Sold all of its Mastercard bonds for $$32,000$ cash.

Required:

Prepare journal entries to record these transactions.

Prepare a table to compare the year$-$end cost and fair values of its trading debt securites$.$ Year end lar vives verent $$22,500$; Apple, $$29,000$; and Walmart, $$46,000.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Prepare journal entries to record these transactions.

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