. Select the correct label for each line and fill in the amount. In classifying the investments, choose a categorization which seems most likely, given the pattern of transactions in the journal entries. Enter all amounts as positive numbers. If an amount box does not require an entry, leave it blank.
Trading Securities
$fill in the blank 73dda2069024015_2
fill in the blank 73dda2069024015_4
$fill in the blank 73dda2069024015_6
Available-For-Sale Securities
$fill in the blank 73dda2069024015_8
fill in the blank 73dda2069024015_10
$fill in the blank 73dda2069024015_12
2. Where on the balance sheet do trading securities appear?
.
3. Where on the financial statements do available-for-sale securities NOT appear?
.
4. Where are held-to-maturity securities reported?
. Based on the journal entries for this year, does the company have any held-to-maturity securities?
.
5. Where are securities held for strategic reasons reported on the financial statements when using the equity method?
. Based on the journal entries for this year, does The Wellington Company have any equity securities?
.
6. Which of the following items does not affect net income?
.
Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.
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