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Prepare journal entries for the investments in sas

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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: EM13496289

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