2014

Jan-18 8000 54
Jul-22 0.55
Oct-05 3600 57 35
Dec-18 0.55
Dec-31 51

Jul-05
Jan-25 670000 35000 100000
Jul-16 0.65
Dec-16 0.65 0.1
Dec-31 20000 82000
Dec-31 58

Date General Journal Debit Credit

2014
Jan-18 Investments-Malmo Inc 432000
cash 432000
8000 shares*54

Jul-22 Cash 4400

dividend revenue 4400
8000 shares*0.55

Oct-05 Cash 205165

Gain on sale of investments 10765
Invetments-Malmo Inc 194400
(3600 shares*57)-35

Dec-18 Cash 2420

dividend revenue 2420
(8000 shares-3600)*0.55

Unrealised gain(Loss) on Available for sale investments 13200

valuation allowance for avaialble for sale investments 13200
(8000 shares-3600)*(51-54)

2015
Jan-25 Investments-Helsi co stock 670000
cash 670000

Jul-22 Cash 2860

dividend revenue 2860
(8000 shares-3600)*0.55
 Dec-16 Cash 3300
dividend revenue 3300
(8000 shares-3600)*(0.55+0.1)

Dec-31 Cash 20000

Investments-Helsi co stock 20000

Dec-31 Investments-Helsi co stock 28700

income of helsi co. 28700
(35000/100000)*82000

Dec-31 valuation allowance for avaialble for sale investments 30800

Unrealised gain(Loss) on Available for sale investments 30800
(8000 shares-3600)*(58-51)

Ques 2 Balance sheet

Current assets
Available for sale investmtents 237600
AdD:valuation allowance for AFS 17600
255200

Investments
Investments in Helsi co. stock 678700

Stockholders equity
Retained earnings 489000
Unrealised gain(loss) on AFS 17600
489000
 2014
Jan-18 8500 42
Jul-22 0.65
Oct-05 3800 45 50
Dec-18 0.65
Dec-31 39

Jul-05
Jan-25 630000 68000 170000
Jul-16 0.75
Dec-16 0.75 0.4
Dec-31 19000 78000
Dec-31 46

Date General Journal Debit Credit

2014
Jan-18 Invetments-Malmo Inc 357000
cash 357000
8500 shares*42

Jul-22 Cash 5525

dividend revenue 5525
8500 shares*0.65

Oct-05 Cash 170950

Gain on sale of investments 11350
Invetments-Malmo Inc 159600
(3800 shares*45)-50

Dec-18 Cash 3055

dividend revenue 3055
(8500 shares-3800)*0.65

Unrealised gain(Loss) on Available for sale investments 14100

valuation allowance for avaialble for sale investments 14100
(8500 shares-3800)*(39-42)

2015
Jan-25 Investments-Helsi co stock 630000
cash 630000

Jul-22 Cash 3525

dividend revenue 3525
(8500 shares-3800)*0.65
 Dec-16 Cash 5405
dividend revenue 5405
(8500 shares-3800)*(0.65+0.4)

Dec-31 Cash 19000

Investments-Helsi co stock 19000

Dec-31 Investments-Helsi co stock 31200

income of helsi co. 31200
(68000/170000)*78000

Dec-31 valuation allowance for avaialble for sale investments 32900

Unrealised gain(Loss) on Available for sale investments 32900
(8500 shares-3800)*(46-39)

Ques 2 Balance sheet

Current assets
Available for sale investmtents 197400
AdD:valuation allowance for AFS 18800
216200

Investments
Investments in Helsi co. stock 642200

Stockholders equity
Retained earnings 460000
Unrealised gain(loss) on AFS 18800
460000
28860
431140