P12-41 Hanh - P.12-41 1. Dec 31, 2007 : $38 per share...

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Unformatted text preview: P.12-41 1. Dec 31, 2007 : $38 per share Historical cost of 12,000 shares at 41$ per shares ...............................$492,000 Balance in market value.......................................................................$(36,000) Market value of 12,000 shares at $38 per shares.................................$456,000 Unrealized loss on trading securitites-income................$36,000 Market adjustment-Trading securities........................................$36,000 (Record the market adjustment for trading security) Sep 4, 2008: Cash .............................................................................$96,600 Investment in trading securities..........................$86,100 Realized gain on sale of trading securities..................................$10,500 (Sold 2,100 shares at $ 46 per shares) Dec 31, 2008 : 9900 shares remain (12,000- 2,100 shares ) Historical cost of 9900 shares at $41 per shares...................................$405,900 Balance market adjustment.....................................................................$79,200Balance market adjustment....
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This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.

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P12-41 Hanh - P.12-41 1. Dec 31, 2007 : $38 per share...

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