E12-22_Hoang Duong - 2007 Jan 17 Investment in available...

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2007 Jan 17 Investment in available for sale securities . .................... 89,500 Cash. ..................................................................... 89,500 Purchased 2,750 shares of Horner Company stock May 10 Cash . ............................................................................. 3,575 Dividend Revenue. ................................................ 3,575 Received $3,575 from dividend of 2,750 shares at the price of $1.30 ($1.30 x 2,750 shares) Dec 31 Unrealized Increase\ Decrease in value of Available For Sale Securities - Equity ......................................... 7,000 Market adjustment Available For sale Securities. ................................................ 7000 To decrease value of securities to market value using market adjustment account (2,750 shares x ($89,500\$2,750 -$30)) 2008 May 22 Investment in Available For sales securities . ....................................................... 30,000 ($40 x 750 shares) Cash. ..................................................................... 30,000 Purchased an additional 750 shares of Horner Company stock for $40 per share
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E12-22_Hoang Duong - 2007 Jan 17 Investment in available...

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