chap17n - BRIEF EXERCISE 17-1 (a) Held-to-Maturity

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Unformatted text preview: BRIEF EXERCISE 17-1 (a) Held-to-Maturity Securities................................................................ 46,304 Cash............................................................................................. 46,304 (b) Cash ($50,000 X .09)............................................................................ 4,500 Held-to-Maturity Securities................................................................ 593 Interest Revenue ($46,304 X .11).............................................. 5,093 BRIEF EXERCISE 17-2 (a) Available-for-Sale Securities............................................................... 46,304 Cash............................................................................................. 46,304 (b) Cash ($50,000 X .09)............................................................................ 4,500 Available-for-Sale Securities............................................................... 593 Interest Revenue ($46,304 X .11).............................................. 5,093 (c) Securities Fair Value Adjustment (AFS)........................................... 303 Unrealized Holding Gain or LossEquity.............................. 303 [($46,304 + $593) $47,200] BRIEF EXERCISE 17-3 (a) Held-to-Maturity Securities................................................................ 43,412 Cash............................................................................................. 43,412 (b) Cash ($40,000 X .08 x.5)...................................................................... 1,600 Held-to-Maturity Securities...................................................... 298 Interest Revenue ($43,412 X .06 x .5)....................................... 1,302 BRIEF EXERCISE 17-4 (a) Trading Securities................................................................................ 40,000 Cash............................................................................................. 40,000 (b) Cash ........................................................................................... 2,000 Interest Revenue......................................................................... 2,000 (c) Unrealized Holding Gain or LossIncome...................................... 1,600 Securities Fair Value Adjustment (Trading)........................... 1,600 BRIEF EXERCISE 17-5 (a) Available-for-Sale Securities........................................................... 9,900 Cash......................................................................................... 9,900 (b) Cash ....................................................................................... 975 Dividend Revenue................................................................... 975 (c) Securities Fair Value Adjustment (AFS)........................................ 450 Unrealized Holding Gain or LossEquity.......................... 450 BRIEF EXERCISE 17-6 (a) Trading Securities............................................................................Trading Securities....
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chap17n - BRIEF EXERCISE 17-1 (a) Held-to-Maturity

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