Valix Finacc vol 1 Problem 9-4

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 9-4

                                                                                                            Cost                Market                    

Red                                                                                                   300,000               250,000                  

White                                                                                                500,000               700,000                 

Blue                                                                                                1,000,000            1,100,000                

Green                                                                                            2,000,000            1,700,000                

Total                                                                                              3,800,000            3,750,000               

1.  Trading securities                                                                      3,800,000

            Cash                                                                                                           3,800,000

2. Unrealized loss – trading securities                                                 50,000

            Trading securities (3,800,000 – 3,750,000)                                                          50,000