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    This formatted MS Excel spreadsheet contains examples and illustrations of journal entries involving investment problems.

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    For your convenience, I have attached a formatted MS Excel spreadsheet containing the information below.

    Feel free to contact me again in the future in the event that additional assistance is required.

    Q.10) The following are in Sanders Company's portfolio of long term available for sale securities at December 31, 2006.
    Cost
    500 shares of Bonds Corporation common stock $2,600
    700 shares of Ruth Corporations common stock $42,000
    600 shares of Edmonds Corporation preferred stock $16,800

    On December 31, the total cost of the portfolio equaled total fair value. Sanders Company had the following transactions related to the securities during 2007.

    Jan. 7 Sold 500 shares of Bonds Corporation common stock at $58 per share, less brokerage fess of $700.
    Jan. 10 Purchased 200 shares of the $70 par value common stock of Schilling Corporation at $78 per share, plus brokerage less of $240.
    Jan. 26 Received a cash dividend of $1.15 per share on Ruth Corporation common ...

    Solution Summary

    This formatted MS Excel spreadsheet contains examples and illustrations of journal entries involving investment problems.

    $2.49

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