Do Homework- Kathi Wagner Google Chreme Securehttps/www.mathxl.com/Student 43 AC

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Do Homework- Kathi Wagner Google Chreme Securehttps/www.mathxl.com/Student 43 ACC 215S Intemediate Accounting Fall 17 Homework: Chapter 16 Homework Score: 0 of 10 pts E16-4 (book/static) 2 of 2 (1 completo) HW Barney Equipment Corporation acquired the folowing equity investments at the beginning of year 1 to be held in an avaliable for-sale portolio cick the icon to view the oaty nvestment$) Share prices at the end of years 1 and 2 are presented below E Cick the icon to view the share prices at the end of years 1 and 2) Read the tequirement nil Requirement a. Prepare the journal ertry to record the acason ofthe r vestmeres (Prepare a sngle compound o tri Recorddebts tt hen oedts Eoade epinion hom Account Data Table Boris Company Monerey Group what price per share Share acquisttion price x- 443 100 726 885 Print Done Choose from any ist or enter any number in the input fields and then cick Check Answ Clear A 3

Explanation / Answer

Account Dr in $ Cr in $ Investment(Shares in Bros Company) Dr. 443100 Cash account Cr. 443100 (10550 shares purchased at aprice @ 42) Investment (Shares in Monberry Group) Dr. 726885 Cash account Cr. 726885 (8355 shares purchased at a price @87)

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