Hinson 14-2 Classification of Securities

Hinson 14-2 Classification of Securities - Student Name...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Student Name: Jamie Hinson Class: Intermediate Accounting I Problem 12-05 AMALGAMATED GENERAL CORPORATION General Journal ($ in millions) Account Debit Credit October 18 Investment in Millwork Ventures preferred shares 58,000,000 Cash 58,000,000 October 31 Cash 1,500,000 Investment revenue 1,500,000 November 1 Investment in Holistic Entertainment bonds 18,000,000 Cash 18,000,000 November 1 Cash 18,000,000 Loss on sale of investments 10,000,000 Investment in Kansas Abstractors bonds 28,000,000 December 1 Investment in Household Plastics bonds 60,000,000 Cash 60,000,000 December 20 Investment in U.S. Treasury bonds 5,600,000 Cash 5,600,000 December 21 Investment in NXS common shares 44,000,000 Cash 44,000,000 December 23 Cash 5,700,000 Investment in U.S. Treasury bonds 5,600,000 Gain on sale of investments 100000.0 December 29 Cash 3,000,000 Investment revenue 3,000,000 December 31 Accrued interest: Investment revenue receivable - Holistic Entertainment 5,870,000 Investment revenue receivable - Household Plastics
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/08/2010 for the course ACCOUNTING 320 taught by Professor Hickman during the Spring '10 term at Heidelberg.

Page1 / 4

Hinson 14-2 Classification of Securities - Student Name...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online