I need help with 1b. Journal and the balance sheet for this proble +Rios Co. is a regional insurance company that began operations on January 1, 20Y2. The following selected transactions relate to investmentsacquired by Rios Co., which has a fiscal year ending on December 31:F3DRecord these transactions on page 10:C20Y2Feb.MayX$4JulyNov.Dec.F420Y3Record these transactions on page 11:R1 Purchased 7,500 shares of Caldwell Inc. common stock at $50 per share plus a brokerage commissionof $75. Caldwell has 100,000 shares of common stock outstanding.Purchased securities of Holland Inc. as a trading investment for $126,000.Sold 4,500 shares of Caldwell Inc. for $46 per share less a $110 brokerage commission.Received an annual dividend of $0.50 per share on 3,000 shares of Caldwell Inc. stock.Sold the remaining shares of Caldwell Inc. for $51 per share less a $90 brokerage commission.The trading securities of Holland Inc. have a fair value on December 31 of $120,000.LL11311531Q SearchCVF5%65⁰F66T YG HF7LDFINC&7NUF8* COc8PDMF909(9KF10OV0L}F11P+F12;<PrtSc[+ 11PaxInsert1CBas +Rios Co. is a regional insurance company that began operations on January 1, 20Y2. The following selected transactions relate to investmentsacquired by Rios Co., which has a fiscal year ending on December 31:F3DRecord these transactions on page 10:C20Y2Feb.MayX$4JulyNov.Dec.F420Y3Record these transactions on page 11:R1 Purchased 7,500 shares of Caldwell Inc. common stock at $50 per share plus a brokerage commissionof $75. Caldwell has 100,000 shares of common stock outstanding.Purchased securities of Holland Inc. as a trading investment for $126,000.Sold 4,500 shares of Caldwell Inc. for $46 per share less a $110 brokerage commission.Received an annual dividend of $0.50 per share on 3,000 shares of Caldwell Inc. stock.Sold the remaining shares of Caldwell Inc. for $51 per share less a $90 brokerage commission.The trading securities of Holland Inc. have a fair value on December 31 of $120,000.LL11311531Q SearchCVF5%65⁰F66T YG HF7LDFINC&7NUF8* COc8PDMF909(9KF10OV0L}F11P+F12;<PrtSc[+ 11PaxInsert1CBas

Journal Entry: Every single business transaction's relevant information is contained in a journal…

Apr. Oct. Dec. 1 Purchased securities of Fuller Inc. as a trading investment for $125,000. 14 Sold securities of Fuller Inc. that cost $25,000 for $30,000. 31 The fair values of the Holland Inc. and Fuller Inc. securities are as follows: Issuing Company Cost Fair Value Holland Inc. Fuller Inc. $126,000 $132,500 100,000 115,600

Apr. Oct. Dec. 1 Purchased securities of Fuller Inc. as a trading investment for $125,000. 14 Sold securities of Fuller Inc. that cost $25,000 for $30,000. 31 The fair values of the Holland Inc. and Fuller Inc. securities are as follows: Issuing Company Cost Fair Value Holland Inc. Fuller Inc. $126,000 $132,500 100,000 115,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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