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How would artsy adjust for the fee on bank reconciliation

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Question - Hardstone Inc. had excess cash and invested it in the stock of Softrock, Inc. On August 5, 2021 Hardstone bought 7,000 shares of Softrock at $12 per share. On September 30, 2021, Softrock paid a cash dividend of $1 per share. On December 31, 2021, the stock had increased in value to $14 per share. Which of the following would be included in the journal entry for December 31, 2021?

1 Credit to Unrealized Gain on Investments: $14,000

2 Credit to Trading Securities: $14,000

3 No entry required

4 Credit to Dividend Revenue: $7,000

5 Credit to Cash: $7,000

Artsy Co. has a checking account. On the last bank statement, a service fee for printing new checks amounted to $31. How would Artsy adjust for the fee on the bank reconciliation?

-Subtract from company records (book side)

-Add to company records (book side)

-Add to bank statement (bank side)

-Subtract from bank statement (bank side)

Reference no: EM132996837

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