Alpha Company prepares annual adjusting entries only
Alpha Company prepares annual adjusting entries only. During the third
quarter of Fiscal Year 2017, Alpha Company acquired the following trading securites:
8/15 yankee company 1,500 $50
9/25 xray comapny 1,250 $30
9/30 Zulu Company 1,000 $26
On november 10th, alpha comapny sold the zulu company stock for $31 per share. On December 15th, x-ray company paid dividends of $0.12 per share. The following were the year-end market values:
Yankee Company $60
X-Ray Company $15
Zulu Company $20
What the total dollar values that Alpha Company should record for the following:
-Realized Gain/Loss during 2017
-Unrealized gain/loss on trading securites for 2017
-Dividend income