Question

Using the information below, how do I record Chaz's investment transactions for January 6 through June 30, 2019?

Chaz Corporation prepares quarterly financial statements and invests its excess funds in marketable securities. At the end of 2018, Chaz's portfolio of trading investments consisted of the following equity securities:

Security	Number of Shares	Cost per Share	Fair Value per Share
Benford Company	600	$66	$66
Gold Inc.	960	43	44
Demi Company	480	70	72

During the first half of 2019, Chaz engaged in the following investment transactions:

Jan. 6	Sold one-half of the Gold shares for $45 per share.
Feb. 3	Purchased 700 shares of Jackson Corporation common stock for $45 per share.
Mar. 31	Dividends of $2,500 were received on the investments, and the following information is available on market prices. Security Fair Value per Share Benford Company $65 Gold Inc. 45 Demi Company 70 Jackson Corporation 43
Apr. 14	Purchased 360 shares of Jordan Company preferred stock for $52 per share.
May 11	Sold the remainder of the Gold shares for $42 per share.
June 30	Dividends of $2,800 were received on investments, and the following information is available: Security Fair Value per Share Benford Company $68 Demi Company 69 Jackson Corporation 46 Jordan Company 50

Answer 1

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Date	Particulars	Debit	Credit
6-Jan	Cash	$ 21,600.00
	Investment in AFS		$ 20,640.00
	Gain in sale of AFS		$        960.00
6-Jan	Unrealized Holding Gain in Securities	$        480.00
	Allowance for change in fair value investment		$        480.00
3-Feb	Investment in AFS	$ 31,500.00
	Cash		$ 31,500.00
31-Mar	Cash	$    2,500.00
	Dividend Income		$    2,500.00
14-Apr	Investment in AFS	$ 18,720.00
	Cash		$ 18,720.00
11-May	Cash	$ 20,160.00
	Investment in AFS		$ 20,640.00
	Loss in sale of AFS	$        480.00
11-May	Unrealized Holding Loss in Securities	$        400.00
	Allowance for change in fair value investment		$        400.00
30-Jun	Cash	$    2,500.00
	Dividend Income		$    2,500.00