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The investment man of 4th Nation Bank invest some of the bank\'s financial resou

ID: 2434239 • Letter: T

Question

The investment man of 4th Nation Bank invest some of the bank's financial resources in trading securities.during the last quarter of 2010,the following transaction occurred in regard to these trading securities:
Nov.5 purchased 200 share of M co.common stock at 36 per share
nov.19 purchased 300 share of P co.preferred stock at $63 per share
nov.29 sold hundred share of M co. common stock at $89 per share
Dec.15 purchase 400 share of T co. common stock at $37 per share
Dec.17 sold 100 share of P co.preferred stock at 62 per share
On Dec 31,2010 the market of the share was as follow:M,$87 per share;P,461 per share;and T,$37.25 per share.the bank held no trading securities at the beginning of the last quarter of 2010.(1) prepare journal entries to record the preceding information.

Explanation / Answer

QUESTION IS GOING TO BE EXPIRE IN 5 MINUTES I WILL EDIT MY ANSWER TO PUT THE GERERAL ENTRIES HERE, OR IF I WILL NOT BE ABLE TO DO SO PLEASE ASK THE QUESTION AGAIN I CAN ANSWER THIS . . .

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