ryder company which began operations in 2011 invests its idle cash in trading securi 444990

Aug 29, 2021 | Uncategorized

Ryder Company, which began operations in 2011, invests its idle cash in trading securities. The following transactions are from its short term investments in its trading securities.

2011
Jan. 20 Purchased 900 shares of Ford Motor Co. at $26 per share plus a $125 commission.
Feb. 9 Purchased 2,800 shares of Lucent at $34 per share plus a $195 commission.
Oct. 12 Purchased 760 shares of Z Seven at $7.60 per share plus a $95 commission.

2012
Apr. 15 Sold 900 shares of Ford Motor Co. at $31 per share less a $295 commission.
July 5 Sold 760 shares of Z Seven at $10.50 per share less a $100 commission.
July 22 Purchased 1,900 shares of Hunt Corp. at $32 per share plus a $220 commission.
Aug. 19 Purchased 1,800 shares of Donna Karan at $14 per share plus a $105 commission.
2013
Feb. 27 Purchased 3,900 shares of HCA at $35 per share plus a $410 commission.
Mar. 3 Sold 1,900 shares of Hunt at $27 per share less a $125 commission.
June 21 Sold 2,800 shares of Lucent at $31.75 per share less a $37 commission.
June 30 Purchased 1,300 shares of Black & Decker at $47.50 per share plus a $595 commission.
Nov. 1 Sold 1,800 shares of Donna Karan at $24.00 per share less a $124 commission.

Prepare journal entries to record these short term investment activities for the years shown. (Ignore any year end adjusting entries.)(Input all amounts as positive values. Omit the “$” sign in your response.)
Date General Journal Debit Credit
Jan. 20, 2011 (Click to select)Short term investments trading (Lucent)Short term investments trading (Ford)Short term investments trading (Hunt)Fair value adjustment tradingShort term investments trading (Z Seven)CashGain on sale of short term investmentsLoss on sale of short term investments
(Click to select)Loss on sale of short term investmentsShort term investments trading (Lucent)Short term investments trading (Hunt)Gain on sale of short term investmentsShort term investments trading (Z Seven)CashShort term investments trading (Ford)Fair value adjustment trading
Feb. 9, 2011 (Click to select)Gain on sale of short term investmentsCashShort term investments trading (Lucent)Short term investments trading (Hunt)Fair value adjustment tradingShort term investments trading (Ford)Short term investments trading (Z Seven)Loss on sale of short term investments
(Click to select)Short term investments trading (Ford)Fair value adjustment tradingShort term investments trading (Hunt)CashGain on sale of short term investmentsLoss on sale of short term investmentsShort term investments trading (Z Seven)Short term investments trading (Lucent)
Oct. 12, 2011 (Click to select)Short term investments trading (Ford)Short term investments trading (Hunt)Short term investments trading (Lucent)Fair value adjustment tradingShort term investments trading (Z Seven)CashLoss on sale of short term investmentsGain on sale of short term investments
(Click to select)Short term investments trading (Lucent)CashFair value adjustment tradingShort term investments trading (Ford)Loss on sale of short term investmentsShort term investments trading (Hunt)Short term investments trading (Z Seven)Gain on sale of short term investments
Apr. 15, 2012 (Click to select)Short term investments trading (Z Seven)Short term investments trading (Hunt)CashShort term investments trading (Ford)Gain on sale of short term investmentsShort term investments trading (D.Karan)Loss on sale of short term investmentsShort term investments trading (Lucent)
(Click to select)Short term investments trading (Lucent)CashShort term investments trading (D.Karan)Short term investments trading (Hunt)Short term investments trading (Ford)Short term investments trading (Z Seven)Gain on sale of short term investmentsLoss on sale of short term investments
(Click to select)Gain on sale of short term investmentsShort term investments trading (Hunt)Short term investments trading (Lucent)Short term investments trading (Z Seven)CashShort term investments trading (Ford)Short term investments trading (D.Karan)Loss on sale of short term investments
July 5, 2012 (Click to select)Short term investments trading (Ford)Short term investments trading (Lucent)Short term investments trading (Z Seven)Short term investments trading (Hunt)Loss on sale of short term investmentsCashShort term investments trading (D.Karan)Gain on sale of short term investments
(Click to select)CashShort term investments trading (Ford)Loss on sale of short term investmentsShort term investments trading (Lucent)Short term investments trading (Z Seven)Short term investments trading (Hunt)Gain on sale of short term investmentsShort term investments trading (D.Karan)
(Click to select)Short term investments trading (Z Seven)Short term investments trading (D.Karan)CashShort term investments trading (Ford)Short term investments trading (Lucent)Loss on sale of short term investmentsGain on sale of short term investmentsShort term investments trading (Hunt)
July 22, 2012 (Click to select)Short term investments trading (Hunt)Short term investments trading (Lucent)Loss on sale of short term investmentsShort term investments trading (Z Seven)CashGain on sale of short term investmentsShort term investments trading (Ford)Short term investments trading (D.Karan)
(Click to select)Gain on sale of short term investmentsShort term investments trading (D.Karan)CashShort term investments trading (Z Seven)Short term investments trading (Ford)Loss on sale of short term investmentsShort term investments trading (Lucent)Short term investments trading (Hunt)
Aug. 19, 2012 (Click to select)Short term investments trading (Hunt)Short term investments trading (D.Karan)CashShort term investments trading (Ford)Short term investments trading (Lucent)Loss on sale of short term investmentsGain on sale of short term investmentsShort term investments trading (Z Seven)
(Click to select)Short term investments trading (Lucent)Short term investments trading (D.Karan)Gain on sale of short term investmentsLoss on sale of short term investmentsShort term investments trading (Ford)Short term investments trading (Z Seven)Short term investments trading (Hunt)Cash
Feb. 27, 2013 (Click to select)Short term investments trading (HCA)Short term investments trading (Ford)Gain on sale of short term investmentsShort term investments trading (Hunt)Short term investments trading (D.Karan)Loss on sale of short term investmentsCashShort term investments trading (B&D)
(Click to select)Gain on sale of short term investmentsShort term investments trading (HCA)Short term investments trading (D.Karan)Short term investments trading (Hunt)Loss on sale of short term investmentsShort term investments trading (Ford)CashShort term investments trading (B&D)
Mar. 3, 2013 (Click to select)Gain on sale of short term investmentsShort term investments trading (B&D)Short term investments trading (Hunt)CashShort term investments trading (HCA)Loss on sale of short term investmentsShort term investments trading (Ford)Short term investments trading (D.Karan)
(Click to select)Short term investments trading (HCA)Gain on sale of short term investmentsShort term investments trading (D.Karan)Short term investments trading (Hunt)Loss on sale of short term investmentsShort term investments trading (B&D)CashShort term investments trading (Ford)
(Click to select)Short term investments trading (B&D)Short term investments trading (Hunt)Loss on sale of short term investmentsShort term investments trading (Ford)Gain on sale of short term investmentsShort term investments trading (D.Karan)CashShort term investments trading (HCA)
June 21, 2013 (Click to select)Short term investments trading (HCA)Short term investments trading (Ford)Short term investments trading (B&D)Short term investments trading (Hunt)Short term investments trading (Lucent)CashGain on sale of short term investmentsLoss on sale of short term investments
(Click to select)Short term investments trading (HCA)Short term investments trading (Hunt)Short term investments trading (Ford)Loss on sale of short term investmentsShort term investments trading (B&D)Gain on sale of short term investmentsShort term investments trading (Lucent)Cash
(Click to select)Short term investments trading (Ford)Gain on sale of short term investmentsShort term investments trading (Hunt)CashShort term investments trading (Lucent)Short term investments trading (Z Seven)Loss on sale of short term investmentsShort term investments trading (HCA)
June 30, 2013 (Click to select)Short term investments trading (HCA)Short term investments trading (Ford)Short term investments trading (B&D)Short term investments trading (Z Seven)Short term investments trading (Hunt)Loss on sale of short term investmentsShort term investments trading (D.Karan)Cash
(Click to select)Short term investments trading (D.Karan)Short term investments trading (B&D)Short term investments trading (Hunt)CashShort term investments trading (HCA)Loss on sale of short term investmentsShort term investments trading (Ford)Short term investments trading (Z Seven)
Nov. 1, 2013 (Click to select)Short term investments trading (HCA)CashLoss on sale of short term investmentsShort term investments trading (Ford)Short term investments trading (B&D)Gain on sale of short term investmentsShort term investments trading (Hunt)Short term investments trading (D.Karan)
(Click to select)Short term investments trading (D.Karan)Short term investments trading (Z Seven)Short term investments trading (Hunt)Short term investments trading (Ford)Loss on sale of short term investmentsShort term investments trading (HCA)Gain on sale of short term investmentsShort term investments trading (B&D)
(Click to select)Short term investments trading (Z Seven)Short term investments trading (HCA)Gain on sale of short term investmentsLoss on sale of short term investmentsShort term investments trading (Hunt)Short term investments trading (B&D)Short term investments trading (Ford)Short term investments trading (D.Karan)