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10.1. Provide entries for the following events assuming the securities are properly accounted for as...

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Accounting

10.1. Provide entries for the following events assuming the securities are properly accounted for as trading securities. a. Turner Co. buys 500 shares of Green Co. common stock at $10? share on 61?A. On 81 they buy 300 shares of Gold Co. preferred at $25/share. b. At 12/31/A the following market prices are observed: Green, $12; Gold, $20. What is the nature of the gain/loss, and where is it reported? c. On 4/1/B,200 shares of Green are sold at $11 share, and 100 shares of Gold are sold at $21? share. What is the nature of the gain/loss, and where is it reported? d. On 12/31/B, the following market prices are observed: Green, $11; Gold, $22.[ck: b. UHL 500. c. loss (realized)100. d. UHG 100.]
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