Without wasting your time you should contract with a experienced someone to be helped.
All the best.
I have a few journal entries to apply and not sure how to do it, could do with some help
November 1, 2012: With extra cash available, company decides to invest into other companies with the following investments:
? 100 shares of Company A stock at $50 per share
? 500 shares of Company B stock at $90 per share
? 20 $1000 par value 10% bonds at par plus accrued interest
? Interest paid June 31 and December 31
? Investments are considered available for sale
November 16, 2012: Reacquired 20,000 shares of stock for a price of $10.
November 17, 2012: Board of directors declares 10 cents per share dividend payable December 15, 2012, for common shareholders of record on December 1, 2012. Also declares the yearly preferred dividends with the same dates
December 15, 2012: Paid dividends owed to shareholders.
December 16, 2012: Resold reacquired 10,000 shares for $12.
