|
Security
|
Type
|
Classification
|
Cost (including Broker's Fees)
|
|
1
|
Equity
|
Trading
|
$55,000
|
|
2
|
Equity
|
Available-for-sale
|
106,000
|
|
3
|
Debt
|
Available-for-sale
|
23,000
|
|
4
|
Debt
|
Trading
|
40,000
|
Viella Company received the following interest and dividends from its securities during the year:
|
Security
|
Interest
|
Dividends
|
|
1
|
|
$1,500
|
|
2
|
|
4,000
|
|
3
|
$1,000
|
|
|
4
|
5,500
|
|
Make the necessary journal entry (or entries) to record the receipt of interest and dividends during the year.