The journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.
Given that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio instead of the available-for-sale securities portfolio.
We are required to form the journal entry that are required by the facts presented in the case.
A journal is basically a detailed account which records all the financial transactions of a business to be used for the future reconciling of accounts.
The journal entry will be as under:
Securities account debited and bank account credited. If we know that which security is being purchased then we can name that securities also.
Hence the journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.
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Answer:
The answer is D. a higher of standard of living.
Explanation:
I think both, my reasons are, first, we have more technology and better transportation that will help us, like the technology to take and give to others, and the cars and trains ect. to help us to get from one place to another a bit quicker. Also i think worse because of the green house causes, the cars,oil,and other things we use in our everyday life is slowly ruining the planet, ecosystem ect. there are downsides and upsides to both.
Answer:
You should make sure you are putting money into it every week, month, or year.
Explanation:
You must make sure you have enough money in the account so if you have some kind of an injury, or you want to buy something that costs lots of money such as a car, or a house, you want to make sure enough money is going into that account.
