INTER. ACCOUNTING - CONNECT+ALEKS ACCESS
10th Edition
ISBN: 9781264770335
Author: SPICELAND
Publisher: MCG
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1
Concord Today Publishers completed the following investment transactions during 2024 and 2025:
i (Click the icon to view the transactions.)
Requirements
1. Journalize Concord Today's investment transactions. Explanations are not required.
2. On December 31, 2024, how would the Peaceful stock be classified and at what value would it be reported on the balance sheet?
Requirement 1. Journalize Concord's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the
remaining cells blank.)
Dec. 6, 2024: Purchased 1,100 shares of Peaceful stock at a price of $21.00 per share, intending to sell the investment next month. Concord did not have significant influence over Peaceful.
Date
Credit
2024
Dec. 6
Accounts
C
Debit
More info
Dec. 6, 2024
Dec. 23, 2024
Dec. 31, 2024
Jan. 27, 2025
Purchased 1,100 shares of Peaceful…
Hartford Today Publishers completed the following investment transactions during 2024 and 2025:
i (Click the icon to view the transactions.)
Requirements
1. Journalize Hartford Today's investment transactions. Explanations are not required.
2. On December 31, 2024, how would the Golden stock be classified and at what value would it be reported on the balance sheet?
Requirement 1. Journalize Hartford's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.)
Dec. 6, 2024: Purchased 950 shares of Golden stock at a price of $35.00 per share, intending to sell the investment next month. Hartford did not have significant influence over Golden.
Date
Debit
Credit
2024
Dec. 6
Accounts
More info
Dec. 6, 2024
-C
Dec. 23, 2024
Dec. 31, 2024
Jan. 27, 2025
Purchased 950 shares of Golden stock…
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