Module 1 Discussion Forum Comment 1

Module 1 Discussion Forum Comment 1 - Cash $395,000 Loss in...

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Module 1 DF Comment Chapter 12 / Exercise 4 Here's my attempt. (1) December 17, 2011 Investment in Grocer's Supply preferred shares $350,000 Cash $350,000 December 28, 2011 Cash $ 2,000 Investment revenue $ 2,000 December 31, 2011 Investment in Grocer's Supply preferred shares $ 50,000 Unrealized holding gain on investments $ 50,000 January 5, 2012
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Unformatted text preview: Cash $395,000 Loss in investments (to balance) $ 5,000 Investment in Grocer's Supply preferred shares $400,000 (2) Balance sheet (under short-term investments): Investment in Grocer's Supply preferred shares $400,000 Income statement: Investment revenue $ 2,000 Unrealized holding gain on investments $ 50,000...
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