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Short-term Investments, Cost Method, Handout for Appendix D

Name ______________________________________________________

Prepare the necessary general journal entries for the information provided below concerning the short-term investments for the Hotel Corporation. Record answers in the space provided.

Jan 2 Purchased 10,000 shares of Greene Corporation’s

common stock at $21 per share plus a $3,150 fee.

Date

Account Titles

Debit

Credit

Jan.2

Aug 6 Greene Corporation paid a $1.10 per share dividend.

Date

Account Titles

Debit

Credit

Aug. 6

Dec 3 Sold 5,000 shares of the short term investment in Greene Corporation

stock for $24 per share less a $600 fee.

Date

Account Titles

Debit

Credit

Dec. 3