please clarify which list of accounts I can use. List of AccountsAssistance Used Accumulated Other Comprehensive LossAllowance for Doubtful AccountsAllowance to Reduce Inventory to MarketBad Debt ExpenseBonds PayableCashCall OptionCommon StockCost of Goods SoldDebt InvestmentsDividend RevenueDividend ReceivableEquity InvestmentsFair Value AdjustmentFutures ContractGain on Sale of InvestmentsGain on Settlement of Call OptionGain on Settlement of Put OptionInterest ExpenseInterest ReceivableInterest RevenueInventoryInvestment IncomeLoss on ImpairmentLoss on Sale of InvestmentsLoss on Settlement of Call OptionLoss on Settlement of Put OptionNo EntryNotes PayablePaid-in Capital in Excess of Par - Common StockPut OptionRecovery of Loss from ImpairmentRetained EarningsRevenue from InvestmentSales RevenueSwap ContractUnrealized Holding Gain or Loss - EquityUnrealized Holding Gain or Loss - Income DateAccount title and explanationDebitCredit Situation 1: Oriole Cosmetics 18-3-2020Available for sale securities (191,000*10%*$14)$267,400 Cash $267,400 (To record acquisition of shares in Martinez Fashion as an investment) 30-6-2020Cash$6,920 Dividend ($69200*10%) $6,920 (To record dividend income ) 31-12-2020Fair value adjustment$19,100 Unrealized holding gain or loss - Income (19,100*$1 ($15-14) $19,100 (to record fair value adjustment as indifference in market price and purchase price) Situation 2: Waterway, Inc 1-1-2020Investment in Seles corporation (28500*40%*$9)$102,600 Cash $102,600 (To record investment made by the purchase of shares in Seles corporation ) 15-6-2020Cash ($38100*40%)$15,240 Investment in Seles corporation $15,240 ( To record dividend income received from investment) 31-12-2020Investment in Seles corporation ($78200*40%)$31,280 Revenue $31,280 (To record share in net income reported by seles corporation)

Journal entries refers to reporting of the business transactions into the books of accounts and it…

Answered: lease clarify which list of accounts I…

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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List of Accounts

Assistance Used

Accumulated Other Comprehensive Loss
Allowance for Doubtful Accounts
Allowance to Reduce Inventory to Market
Bad Debt Expense
Bonds Payable
Cash
Call Option
Common Stock
Cost of Goods Sold
Debt Investments
Dividend Revenue
Dividend Receivable
Equity Investments
Fair Value Adjustment
Futures Contract
Gain on Sale of Investments
Gain on Settlement of Call Option
Gain on Settlement of Put Option
Interest Expense
Interest Receivable
Interest Revenue
Inventory
Investment Income
Loss on Impairment
Loss on Sale of Investments
Loss on Settlement of Call Option
Loss on Settlement of Put Option
No Entry
Notes Payable
Paid-in Capital in Excess of Par - Common Stock
Put Option
Recovery of Loss from Impairment
Retained Earnings
Revenue from Investment
Sales Revenue
Swap Contract
Unrealized Holding Gain or Loss - Equity
Unrealized Holding Gain or Loss - Income

Date	Account title and explanation	Debit	Credit
	Situation 1: Oriole Cosmetics
18-3-2020	*Available for sale securities (191,00010%$14*)	$267,400
	Cash		$267,400
	(To record acquisition of shares in Martinez Fashion as an investment)

30-6-2020	Cash	$6,920
	*Dividend ($6920010%)**		$6,920
	(To record dividend income )

31-12-2020	Fair value adjustment	$19,100
	Unrealized holding gain or loss - Income (19,100*$1 ($15-14)		$19,100
	(to record fair value adjustment as indifference in market price and purchase price)

	Situation 2: Waterway, Inc
1-1-2020	*Investment in Seles corporation (2850040%$9)*	$102,600
	Cash		$102,600
	(To record investment made by the purchase of shares in Seles corporation )

15-6-2020	Cash ($38100*40%)	$15,240
	Investment in Seles corporation		$15,240
	( To record dividend income received from investment)

31-12-2020	*Investment in Seles corporation ($7820040%)**	$31,280
	Revenue		$31,280
	(To record share in net income reported by seles corporation)

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