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A company purchased the following securities in Feb 2012.Prior to these purchases, the company had investment security portfolio.
1 Debt Trading 11,500
2 Equity Trading 9,000
3 Equity Available-for-Sale 7,250
4 Debt Available-for-Sale 12,300
During 2012, the company received 2,400 in iterest and 1,800 in dividends. On Dec 31, 2012, the porfolio had the following market values.
1 12,000
2 8,750
3 7,500
4 12,500
Prepare the following journal entries to record these 4 trans.?
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