Problem: Easton Company prepares annual adjusting entries only. During the third quarter of Fiscal Year 2018, Easton Company acquired the following trading securities:
|
Date
|
Company
|
# of Shares
|
Price per Share
|
|
Aug-15
|
X Company
|
1,500
|
$50
|
|
Sep-25
|
Y Company
|
1,250
|
30
|
|
Sep-30
|
Z Company
|
1,000
|
26
|
On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12 per share. The following were the year-end market values:
|
Company
|
FMV per Share
|
|
X Company
|
$45
|
|
Y Company
|
15
|
|
Z Company
|
31
|
Required: What the total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018? Enter a Loss as a negative number.
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