Prepare journal entries for the investments

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Reference no: EM13175547

Problem

On August 31, 2010, a company purchased 10,000 shares of stock for $30 per share. Management recorded the stock in the securities available for the sale portfolio. The following information pertains to the price per share of stock:

	Price
12/31/2010	$35
12/31/2011	$34
12/31/2012	$37

Prepare journal entries for the investments in SAS and the Net Realized losses/gains for each date given. Then compute the balance in the Net Unrealized Losses/Gains.

Reference no: EM13175547

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