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FAR Journal Entries > Investments > Flashcards

Investments Flashcards

1
Q

Unrealized Losses on Trading Securities

A

DR: Unrealized Loss
CR: Trading Securities

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2
Q

Unrealized Gains on Trading Securities

A

DR: Trading Securities
CR: Unrealized Gains

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3
Q

Unrealized Losses on Available for Sales Securities

A

DR: Unrealized Loss
CR: Available for Sale Securities

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4
Q

Unrealized Gains on Available for Sales Securities

A

DR: Available for Sale Securities
CR: Unrealized Gains

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5
Q

Realized Gain on Trading Securities

A

DR: Cash
CR: Trading Securities
CR: Realized Gains

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6
Q

Realized Loss on Trading Securities

A

DR: Cash
DR: Realized Loss
CR: Trading Securities

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7
Q

Realized Available for Sale Securities entry

Cost = 100, FV 1/1/1 = 120, Sold 9/15/1 at 150

A

DR: Cash: 150
DR: Unrealized Gain 20
CR: Available for Sale securities 120
CR: Realized Gain 50

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FAR Journal Entries (13 decks)

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