Vaughn, Inc. had the following equity investment portfolio at January 1, 2025. Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @fair value During 2025, the following transactions took place. 1. 2. 3. 4. 5. During 2026, the following transactions took place. 6. 1,000 shares @ $15 each 910 shares @ $21 each 480 shares @ $9 each 7. 8. $15,000 19,110 4,320 38,430 (7,350) $31,080 On March 1, Rogers Company paid a $2 per share dividend. On April 30, Vaughn, Inc. sold 300 shares of Chance Company for $12 per share. On May 15, Vaughn, Inc. purchased 110 more shares of Evers Company stock at $16 per share. At December 31, 2025, the stocks had the following price per share values: Evers $17, Rogers $20, and Chance On February 1, Vaughn, Inc. sold the remaining Chance shares for $8 per share. On March 1, Rogers Company paid a $2 per share dividend. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. At December 31, 2026, the stocks had the following price per share values: Evers $19 and Rogers $22.
Vaughn, Inc. had the following equity investment portfolio at January 1, 2025. Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @fair value During 2025, the following transactions took place. 1. 2. 3. 4. 5. During 2026, the following transactions took place. 6. 1,000 shares @ $15 each 910 shares @ $21 each 480 shares @ $9 each 7. 8. $15,000 19,110 4,320 38,430 (7,350) $31,080 On March 1, Rogers Company paid a $2 per share dividend. On April 30, Vaughn, Inc. sold 300 shares of Chance Company for $12 per share. On May 15, Vaughn, Inc. purchased 110 more shares of Evers Company stock at $16 per share. At December 31, 2025, the stocks had the following price per share values: Evers $17, Rogers $20, and Chance On February 1, Vaughn, Inc. sold the remaining Chance shares for $8 per share. On March 1, Rogers Company paid a $2 per share dividend. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. At December 31, 2026, the stocks had the following price per share values: Evers $19 and Rogers $22.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Hh.14.
Transcribed Image Text:Vaughn, Inc. had the following equity investment portfolio at January 1, 2025.
Evers Company
Rogers Company
Chance Company
Equity investments @ cost
Fair value adjustment
Equity investments @fair value
During 2025, the following transactions took place.
1.
2.
3.
4,
5.
During 2026, the following transactions took place.
6.
1,000 shares @ $15 each
910 shares @ $21 each
480 shares @ $9 each
7.
8.
$15,000
19,110
4,320
38,430
(7,350)
$31.080
On March 1, Rogers Company paid a $2 per share dividend.
On April 30, Vaughn, Inc. sold 300 shares of Chance Company for $12 per share.
On May 15, Vaughn, Inc. purchased 110 more shares of Evers Company stock at $16 per share.
At December 31, 2025, the stocks had the following price per share values: Evers $17, Rogers $20, and Chance $8.
On February 1, Vaughn, Inc. sold the remaining Chance shares for $8 per share.
On March 1, Rogers Company paid a $2 per share dividend.
On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month.
At December 31, 2026, the stocks had the following price per share values: Evers $19 and Rogers $22.
Transcribed Image Text:Prepare journal entries for each of the above transactions. (List all debit entries before credit entries. Credit account titles are
automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and
enter O for the amounts)
Date
Account Titles and Explanation
Debit
Credi
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