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Rios Co. is a regional insurance company that began operations on January 1, 20Y2. The
following selected transactions relate to investments acquired by Rios Co., which has a fiscal year
ending on December 31:
Record these transactions on page 10:
20Y2
Record these transactions on page 11:
20Y3
20Y2
Feb. 1
Purchased 7,500 shares of
Caldwell Inc. common stock at
$50 per share plus a brokerage
commission of $75. Caldwell
has 100,000 shares of common
stock outstanding.
May 1
Purchased securities of Holland
Inc. as a trading investment for
$126,000.
July 1
Sold 4,500 shares of Caldwell
Inc. for $46 per share less a
$110 brokerage commission.
31
Received an annual dividend of
$0.50 per share on 3,000
shares of Caldwell Inc. stock.
Nov. 15
Sold the remaining shares of
Caldwell Inc. for $51 per share
less a $90 brokerage
commission.
Dec. 31
The trading securities of
Holland Inc. have a fair value
on December 31 of $120,000.

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Rios Co is a regional insurance company that began operatio.pdf

  • 1. Rios Co. is a regional insurance company that began operations on January 1, 20Y2. The following selected transactions relate to investments acquired by Rios Co., which has a fiscal year ending on December 31: Record these transactions on page 10: 20Y2 Record these transactions on page 11: 20Y3 20Y2 Feb. 1 Purchased 7,500 shares of Caldwell Inc. common stock at $50 per share plus a brokerage commission of $75. Caldwell has 100,000 shares of common stock outstanding. May 1 Purchased securities of Holland Inc. as a trading investment for $126,000. July 1 Sold 4,500 shares of Caldwell Inc. for $46 per share less a $110 brokerage commission. 31 Received an annual dividend of $0.50 per share on 3,000 shares of Caldwell Inc. stock. Nov. 15 Sold the remaining shares of Caldwell Inc. for $51 per share less a $90 brokerage commission. Dec. 31 The trading securities of Holland Inc. have a fair value on December 31 of $120,000.