question archive The following data pertains to Raleigh Co
The following data pertains to Raleigh Co
Subject:AccountingPrice: Bought3
The following data pertains to Raleigh Co. security investments:Required- Record journal entries for the purchase of the securities in 2004 and for the temporary change in value of the securities in 2004 and 2005.SecurityClassificationCostFair Value December 31, 2004Fair Value December 31, 20051Trading$175,000$176,000$175,0002Trading225,000230,000228,0003Avail. For Sale1500001600001620004Avail. For Sale2200002150002100005Held to Maturity1,200,0001,190,0001,207,000
