Jan 15: Purchased 13,500 shares of Gonzalez Company's stock at $50.25 per share and commission of $2,970.
Apr 1: Purchased 7,500 shares of Belmont Co.'s stock at $78.00 per share and commission of $5,055.
Sep 10: Purchased 10,500 shares of Thep Co.'s preferred stock at $39.75 per share and commission of $7,365.
May 20: Capriati sold 4,500 shares of Gonzalez Company's common stock at a market price of $52.50 per share less commissions of $4,275. The year-end fair values per share were: Gonzalez $45.00, Belmont $82.50, and Thep $42.00. Capriati Corporation plans to hold these securities for the long term but may sell them in order to earn profits from appreciation in prices.
Your tutorial gives instructional notes and the journal entries needed. Click in cells to see computations.