Oriole Corporation buys 1530 shares of Sheridan Ltd.'s common shares as a trading investment. The...
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Oriole Corporation buys 1530 shares of Sheridan Ltd.'s common shares as a trading investment. The shares are purchased for $44 a share. At year end the shares are trading at $50. The adjusting entry at year end is Cash Investment Income Trading Investments Unrealized Gain on Trading Investments Trading Investments Realized Gain on Trading Investments 9180 9180 9180 9180 9180 9180 k SUPP
Oriole Corporation buys 1530 shares of Sheridan Ltd's common shares as a trading investment. The shares are purchased for $44a share. At year end the shares are trading at $50. The adfusting entry at year end is \begin{tabular}{|c|c|} \hline Cash & 9180 \\ \hline Investment Income & \\ \hline Trading Investments & 9180 \\ \hline Unrealized Gain on Trading Imvestments & \\ \hline \end{tabular}
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