This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: June 30 Allowance to Adjust Short-Term Investments to Market 34,000 Unrealized Gain on Investments 34,000 Recognition of unrealized gain on trading portfolio Market Gain/ Security Cost Value (Loss) Quaker Oats ( 7,000 shares) $210,000 $280,000 $70,000 EG&G ( 9,000 shares) 198,000 162,000 ( 36,000) Totals $408,000 $442,000 $34,000 Aug. 20 Cash 144,000 Realized Loss on Investments 54,000 Short-Term Investments 198,000 Sale of 9,000 shares of EG&G at less than cost This entry is not affected by the adjusting entry on June 30....
View Full Document
This note was uploaded on 09/21/2010 for the course ACC 303 taught by Professor Mccarthy during the Spring '10 term at DePaul.
- Spring '10