S8-1 (Learning Objective 2: Analyze and report an available-for-sale investment) Mail 4 You completed these...
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Accounting
S8-1
(Learning Objective 2: Analyze and report an available-for-sale investment) Mail 4 You completed these long-term available-for-sale investment transactions during 2012:
2012
Apr
10
Purchased 600 shares of Tycon stock, paying $17 per share.
Mail 4 You intends to hold the investment for the indefinite future.
Jul
22
Received a cash dividend of $1.24 per share on the Tycon stock.
Dec
31
Adjusted the Tycon investment to its current market value of $5,500.
1. Journalize Mail 4 You
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