Castleman Holdings, Inc. had the following available-for-sale investment portfol

Question

Castleman Holdings, Inc. had the following available-for-sale investment portfolio at January 1, 2010.





During 2010, the following transactions took place.


1.
On March 1, Rogers Company paid a $2 per share dividend.


2.
On April 30, Castleman Holdings, Inc. sold 300 shares of Chance Company for $11 per share.


3.
On May 15, Castleman Holdings, Inc. purchased 100 more shares of Evers Co. stock at $16 per share.


4.
At December 31, 2010, the stocks had the following price per share values: Evers $17, Rogers $19, and Chance $8.


During 2011, the following transactions took place.


1.
On February 1, Castleman Holdings, Inc. sold the remaining Chance shares for $8 per share.


2.
On March 1, Rogers Company paid a $2 per share dividend.


3.
On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month.


4.
At December 31, 2011, the stocks had the following price per shares values: Evers $19 and Rogers $21.


Instructions


a.
Prepare journal entries for each of the above transactions.


b.
Prepare a partial balance sheet showing the Investments account at December 31, 2010 and 2011.

Explanation / Answer

But where's the existing portfolio dear?? Please rate this answer & re-post your question with all the complete details. Thank you in advance!!

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