In Early 2017,Kalkay Inc $\$ 650$ This Investment Was Classified as a Short-Term Investment

question 143

Essay

In early 2017,Kalkay Inc.found itself with idle cash that it decided to invest in the shares of another business.The following events transpired in 2017 and 2018:
2017
Jan 23 Kalkay Inc. purchased 2,000 shares in Tiodnaci Corporation at 16.25 per share and paid a brokerage fee of $\$ 650$ . This investment was classified as a short-term investment
Nov, 15 A dividend of $\$ 1.25$ per share was received on the Tiodnaci Corporation shares. Dec. 31 This is the end of the fiscal year for Kalkay Inc. On this date the Tiodnaci Corporation shares were worth 18.50 per share. 2018
Jan. 27 Kalkay Inc, sold 500 Tiodnaci Corporation shares for 18.00 per share.
Mar 30 A dividend of $\$ 2$ per share was received on the Tiodnaci Corporation shares,
Jun. 30 Kalkay Inc. sold all of the remaining Tiodnaci Corporation shares for 21.00 per share
Prepare journal entries for the above transactions.

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Definitions:

Sensory-perceptual Experiences

The process of receiving and interpreting sensory information from the environment through the five senses.

Secondary Appraisal

The process of evaluating one's options and deciding how to cope with a potential stressor.

Emotion-focused Coping

A coping strategy that involves reducing stress by attending to emotional needs related to the stressor.