Haladam Company Had the Following Transactions Relating to Investments in Trading

question 90

Essay

Haladam Company had the following transactions relating to investments in trading securities during the year.Prepare the required general journal entries for these transactions.
May 4 Haladam purchased 600 shares of Cob Company stock at $\$ 120$ per share plus a $\$ 750$ brokerage fee.

July 1 Haladam received a \$2.50 per share cash dividend on the Cob Company stock.
Sept. 15 Sold 300 shares of the Cob Company stock for $\$ 125$ per share, less a $\$ 450$ brokerage fee.

Dec. 31 The market value of the Cob Company stock (the only investment that Haladam owns) is \$124 per share. The balance of the Market Adjustment - Trading a zero balance prior to adjustment.

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Definitions:

Services

Economic activities that provide intangible products, such as entertainment, healthcare, and education, to consumers or businesses.

Media Producers

Individuals or companies responsible for creating and overseeing the production of media content, such as films, television shows, or online content.

Media Consumers

Individuals or groups who actively receive and engage with content provided by various media channels, including television, radio, internet, and print media.

Advertisement Revenue

Revenue generated from the display or inclusion of advertisements in media or online platforms.