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|- a x /* CengageNOWw2 in XC chegg tituly | ciuxlit XC XMM-intrikes or slo C o v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&ltakeAssignmentSessionLocator;=assignment-take&inprogress;=false 1. EX.13-5. ALGO General Ledger 2. EX.13-11.Algo 3. EX.132. Algo 4. Ex. 13-8.Algo REVENUE 410 Sales 611 Interest Revenue 612 Dividend Revenue 621 Income of Wong Inc. 631 Gain on Sale of Investments 641 Unrealized Gain on Trading Investments 5. EX.15-11.ALGO 6. EX.15-9.ALGO 7. EX.15-6.ALGO 8. Ex. 15-3.Algo ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 121 Allowance for Doubtful Accounts 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 161 Investments-wong Inc. Stock 165 Valuation Allowance for Trading Investments 166 Valuation Allowance for Available-for-Sale Investments 181 Land 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 193 Office Equipment 194 Accumulated Depreciation-Office Equipment 9. EX.15-21.ALGO 10. EX.14-15.ALGO EXPENSES 511 Cost of Merchandise Sold 512 Bad Debt Expense 515 Credit Card Expense 516 Cash Short and over 520 salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Seling Expenses 535 Rent Expense 11. Pr.14-2.Algo Progress: 4/11 items (Previous Next > Time Remaining: 1:48:32 All work saved. Submit Test for Grading a T 2 + 11/29/2017 % 10:56 AM E O Type here to search o o 9 8 O

Explanation / Answer

Journal Date Description Post Ref. Debit Credit Feb. 2 Investments -Wong Inc.Stock            98,920 Cash            98,920 Purchase of 5200 shares of wong inc. Total Cost: 5,200 Shares X $ 19 + $120 = $98,920 ; Per share cost: $98,920/5200 = $ 19.02 Mar. 6 Cash              1,300 Dividend Revenue              1,300 Received divends of $0.25 per share on Wong Inc. Stock of 5200 Shares Jun. 7 Investments -Wong Inc.Stock            50,115 Cash            50,115 Purchase of 2,000 shares of wong inc. Total Cost: 2,000 Shares X $ 25 + $115 = $50,115 ; Per share cost: $50,115/2,000 = $ 25.06 Jul. 26 Cash        2,35,485 Investments -Wong Inc.Stock        1,23,978 Gain on sale of Investments        1,11,507 Sale of 6200 Shares of Wong Inc. Total sale value: 6,200 Shares X $38 -$115 = $235,485 Cost of Shares Sold = 98,920 for 5,200 Shares and $25,508 for 1000 Shares Sept. 25 Cash 500 Dividend Revenue 500 Received divends of $0.50 per share on Wong Inc. Stock of 1000 Shares

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