Homework Help
Hi i need help with some accounting homework. i do not want the
Hi I need help with some accounting homework. I do not want the answers, I need to know how to get the answers. Thanks.
Carlsville Company, which began operations in 2013, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities.
| 2013 | |||
| Jan. | 20 | Purchased 800 shares of Ford Motor Co. at $26 per share plus a $125 commission. | |
| Feb. | 9 | Purchased 2,200 shares of Lucent at $44.25 per share plus a $578 commission. | |
| Oct. | 12 | Purchased 750 shares of Z-Seven at $7.50 per share plus a $200 commission. | |
| 2014 | |||
| Apr. | 15 | Sold 800 shares of Ford Motor Co. at $29 per share less a $285 commission. | |
| July | 5 | Sold 750 shares of Z-Seven at $10.25 per share less a $102.50 commission. | |
| July | 22 | Purchased 1,600 shares of Hunt Corp. at $30 per share plus a $444 commission. | |
| Aug. | 19 | Purchased 1,800 shares of Donna Karan at $18.25 per share plus a $290 commission. | |
| 2015 | |||||
| Feb. | 27 | Purchased 3,400 shares of HCA at $34 per share plus a $420 commission. | |||
| Mar. | 3 | Sold 1,600 shares of Hunt at $25 per share less a $250 commission. | |||
| June | 21 | Sold 2,200 shares of Lucent at $42 per share less a $420 commission. | |||
| June | 30 | Purchased 1,200 shares of Black & Decker at $47.50 per share plus a $595 commission. | |||
| Nov. | 1 | Required:
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Sold 1,800 shares of Donna Karan at $18.25 per share less a $309 commission.
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