Using the Journal Provided,enter the Following Transactions for LaPana Corporation $\$ 30,000$

question 19

Essay

Using the journal provided,enter the following transactions for LaPana Corporation for 2009 and 2010.Please provide all explanations.
2009
Aug. 13 Purchased 1,000 shares of Casper Corporation stock for $\$ 30,000$ . These securities were purchased primarily for trading purposes.

Oct. 5 Purchased 4,000 shares of Tally Corporation stock for $\$ 68,000$ . These securities were purchased primarily for trading purposes.

Nov. 1 Invested $\$ 98,000$ in 120 -day U.S. Treasury bills that have a maturity value of $\$ 100,000$ .

Dec. 31 The market value of the Casper Corporation shares is $\$ 31,000$ , and the market value of the Tally Corporation stock is $\$ 63,000$ . A year-end adjustment is made.
31 A year-end adjustment is made for accrued interest on the Treasury bills.

2010
Mar. 1 Received maturity value of U.S. Treasury bills in cash.
Apr. 14 Sold all 1,000 shares of Casper Corporation stock for $\$ 30,800$ .
Sept. 22 Received dividends of $\$ 1$ per share from Tally Corporation.
Dec. 31 The market value of the Tally Corporation shares is $\$ 70,000$ . A year-end adjustment is made.

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Definitions:

Consciously Perceive

The act of becoming aware of something through the senses in a mindful and intentional manner.

Hollow Face Illusion

An optical illusion where a concave face appears as a normal convex face due to the brain's interpretation of facial features.

Dual Processing

The theory that the brain operates through both conscious and unconscious thought processes simultaneously.

Selective Attention

The focusing of conscious awareness on a particular stimulus.