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intermediate accounting spiceland 5th 6th 7th edition solution Chap012

Student Name:Class:Account Debit

Credit

2011

October 18

Investment in Millwork Ventures preferred shares 58

Cash 58

«- Correct!

October 31 Cash

1.5

Investment revenue 1.5

«- Correct!November 1

Investment in Holistic Entertainment bonds 18

Cash

18

«- Correct!November 1 Cash

28 Loss on sale of investments

2

Investment in Kansas Abstractors bonds 30

«- Correct!December 1

Investment in Household Plastics bonds 60

Cash

60

«- Correct!December 20

Investment in U.S. Treasury bonds
5.6

Investment in U.S. Treasury bonds 5.6

Cash

5.6

«- Correct!December 21

Investment in NXS common shares 44

Cash

44

«- Correct!December 23 Cash

5.7

«- Correct! Investment in U.S. Treasury bonds 5.6 Gain on sale of investments 0.1

December 29 Cash

3

Investment revenue

3

«- Correct!Problem 12-07

McGraw-Hill/Irwin

Instructor

($ in millions)

General Journal AMALGAMATED GENERAL CORPORATION

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