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3 years ago

The Janjua Company had the following account balances at 1/1/18:

Business

1 answer:

Step2247 [10]3 years ago

7 0

Answer:

a. Journal Entry:

Investments in Debt securities (Dr.) $1500

Fair Value of Debt securities(Cr.) $1500

b. Equity Section:

Common Stock $65,000

Retained Earnings $22,000

Treasury Stock $13,400

Revaluation of Debt securities $1,500

Explanation:

Investments in AFS Debt securities 40,000

Fair value of the investment on 12/31/2018 is $41,500

The difference between fair value and reported value will be adjusted through journal entry. The difference is of $1500 (41,500 - 40,000) is the revaluation amount of the securities.

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Wittaler [7]

Answer:

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Explanation:

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3 years ago

Select the correct answer.

pshichka [43]

Answer:

Choice d is my answer

Explanation:

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3 years ago

Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be

balu736 [363]

The correct answer is option D, uninsured motorists protection

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3 years ago

Beginning and ending Cash account balances of Moonbeam, Inc. were $38,000 and $16,000, respectively. If total cash received duri

marin [14]

Answer:

$96,000

Explanation:

Total cash received during the period = beginning cash + cash received - ending cash

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I hope my answer helps you

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JulijaS [17]

Answer:

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3 years ago