Viella company purchased the following securities with

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Viella Company purchased the following securities with cash:

Security

Type

Classification

Cost (including Broker's Fees)

1

Equity

Trading

$55,000

2

Equity

Available-for-sale

106,000

3

Debt

Available-for-sale

23,000

4

Debt

Trading

40,000

Make the necessary journal entry (or entries) to record the purchase of these securities.




















 

Reference no: EM13568879

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