Short-term Investments, Cost Method, Handout for Appendix D
Name ______________________________________________________
Prepare the necessary general journal entries for the information provided below concerning the short-term investments for the Hotel Corporation. Record answers in the space provided.
Jan 2 Purchased 10,000 shares of Greene Corporation’s
common stock at $21 per share plus a $3,150 fee.
Date
Account Titles
Debit
Credit
Jan.2
Aug 6 Greene Corporation paid a $1.10 per share dividend.
Date
Account Titles
Debit
Credit
Aug. 6
Dec 3 Sold 5,000 shares of the short term investment in Greene Corporation
stock for $24 per share less a $600 fee.
Date
Account Titles
Debit
Credit
Dec. 3
