Reference no: EM131096001
Cam Security, which began operations in 2008, invests in long-term available for sale securities. Following is a series of transactions annd events determining its long-term investment activity.
2008
Feb. 12 Purchased 1,000 shares of Goodyear Tire at $55.50 per share plus a $850 commission.
May 5 Purchased 500 shares of Quaker State at $23.00 per share plus a $470 commission.
Oct. 27 Purchased 2,300 shares of Ford at $82.50 per share plus a $1,080 commission.
Dec. 31 Per share market values for stocks in the portfolio are Goodyear Tire, $58.00; Quaker State, $14.50; Ford, $71.75.
2009
Jan 1 Sold 500 shares of Quaker State at $18.00 per share less a $550 commission.
March 2 Purchased 850 shares of Duralube at $46.50 per share plus a $365 commission.
June 23 Purchased 3,500 shares of McDonald's at $66.00 per share plus a $780 commission.
Aug. 12 Sold 850 shares of Duralube at $59.00 per share less a $230 commission.
Dec. 31 Per share market values for stocks in the portfolio are Goodyear, $57.25; McDonalds, $65.00; Ford $75.75
2010
Jan. 6 Purchased 1,800 shares of Hewlett-Packard at $56.00 per share plus a $620 commission.
June 27 Sold 1,000 shares of Goodyear Tire at $50.00 per share less a $320 commission.
July 7 Purchased 2,000 shares of Harley-Davidson at $26.50 per share plus a $875 commission.
Aug. 19 Sold 2,300 shares of Ford at $62.50 per share less a $850 commission.
Nov. 22 Sold 3,500 shares of McDonald's at $78.50 per share less a $420 commission.
Dec. 31
Per share market values for stocks in the protfolio are Harley-Davidson, $28.75; Hewlett-Packard, $61.50.
Prepare a table that summarizes the (a) total cost, (b) total market adjustment, and (c) total market value of the portfolio of long-term investments at each year-end.