Business, 29.02.2020 06:17 dessssimartinez6780
Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. A. 20171. Jan. 20 Purchased 1,000 shares of Johnson & Johnson at $20.50 per share plus a $24a commission. 2. Feb. 9 Purchased 1,200 shares of Sony at $46.20 per share plus a $225 commission. 3. June 12 Purchased 1,500 shares of Mattel at $27.00 per share plus a $195 commission. 4. Dec. 31 per share fair values for stocks in the portfolio are Johnson & Johnson, s21.50; Mattel, s30.9e; and Sony, $38. B. 2018 1. Apr. 15 sold 1,000 shares of Johnson & Johnson at $23.50 per share less a ss25 commission. 2. July 5 sold shares of Mattel at per share less a $235 commission.3. July 22 purchased 600 shares of Sara Lee $22.50 per share plus commission. 4. Aug. 19 900 shares of Eastman at $17 per share plus a $198 commission $2e. ee; and Sony, s35.ee. 5. Dec. 31 per share fair values for stocks in the portfolio $19.25; Lee, $20.00 and $suny, 35.00.C. 2019 1. Feb. 27 Purchased 2,400 shares of Microsoft at $67.00 per share plus a $525 2. June 21 sold 1.20e shares of Sony at $48.00 per share less an $880 commission. 3. June 30 Purchased 1,400 shares of Black & Decker at $36.00 per share plus a $435 3 shares of Sara Lee at $16.2s per are less a $435 commission.4. Nov. 1 sold 9ee shares of Eastman at $22.75 per share less a $625 commission. and Microsoft, $69. ee. r values for stocks in the portfolio are: Black & Decker $39.Required and events and any year-end fair value adjustments to the portfolio of long-term Prepare journal entries to record these transactions "No entry in the first occount available-for-sale securities.
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Grass Security, which began operations in 2017, invests in long-term available-for-sale securities....
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