Business Finance
Ryder Company, which began operations in 2011, invests its idle cash in...

Question Description

I’m trying to study for my Business course and I need some help to understand this question.

Ryder Company, which began operations in 2011, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities.


2011
Jan.20Purchased 900 shares of Ford Motor Co. at $26 per share plus a $125 commission.
Feb.9Purchased 2,800 shares of Lucent at $34 per share plus a $195 commission.
Oct.12Purchased 760 shares of Z-Seven at $7.60 per share plus a $95 commission.

2012
Apr.15Sold 900 shares of Ford Motor Co. at $31 per share less a $295 commission.
July5Sold 760 shares of Z-Seven at $10.50 per share less a $100 commission.
July22Purchased 1,900 shares of Hunt Corp. at $32 per share plus a $220 commission.
Aug.19Purchased 1,800 shares of Donna Karan at $14 per share plus a $105 commission.
2013
Feb.27Purchased 3,900 shares of HCA at $35 per share plus a $410 commission.
Mar.3Sold 1,900 shares of Hunt at $27 per share less a $125 commission.
June21Sold 2,800 shares of Lucent at $31.75 per share less a $37 commission.
June30Purchased 1,300 shares of Black & Decker at $47.50 per share plus a $595 commission.
Nov.1Sold 1,800 shares of Donna Karan at $24.00 per share less a $124 commission.

Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.) (Input all amounts as positive values. Omit the "$" sign in your response.)

   
Jan. 20, 2011   (Click to select)Short-term investments-trading (Lucent)Short-term investments-trading (Ford)Short-term investments-trading (Hunt)Fair value adjustment-tradingShort-term investments-trading (Z-Seven)CashGain on sale of short-term investmentsLoss on sale of short-term investments
 (Click to select)Loss on sale of short-term investmentsShort-term investments-trading (Lucent)Short-term investments-trading (Hunt)Gain on sale of short-term investmentsShort-term investments-trading (Z-Seven)CashShort-term investments-trading (Ford)Fair value adjustment-trading
Feb. 9, 2011   (Click to select)Gain on sale of short-term investmentsCashShort-term investments-trading (Lucent)Short-term investments-trading (Hunt)Fair value adjustment-tradingShort-term investments-trading (Ford)Short-term investments-trading (Z-Seven)Loss on sale of short-term investments
 (Click to select)Short-term investments-trading (Ford)Fair value adjustment-tradingShort-term investments-trading (Hunt)CashGain on sale of short-term investmentsLoss on sale of short-term investmentsShort-term investments-trading (Z-Seven)Short-term investments-trading (Lucent)
Oct. 12, 2011   (Click to select)Short-term investments-trading (Ford)Short-term investments-trading (Hunt)Short-term investments-trading (Lucent)Fair value adjustment-tradingShort-term investments-trading (Z-Seven)CashLoss on sale of short-term investmentsGain on sale of short-term investments
 (Click to select)Short-term investments-trading (Lucent)CashFair value adjustment-tradingShort-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (Z-Seven)Gain on sale of short-term investments
Apr. 15, 2012   (Click to select)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)CashShort-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)Loss on sale of short-term investmentsShort-term investments-trading (Lucent)
 (Click to select)Short-term investments-trading (Lucent)CashShort-term investments-trading (D.Karan)Short-term investments-trading (Hunt)Short-term investments-trading (Ford)Short-term investments-trading (Z-Seven)Gain on sale of short-term investmentsLoss on sale of short-term investments
 (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)CashShort-term investments-trading (Ford)Short-term investments-trading (D.Karan)Loss on sale of short-term investments
July 5, 2012   (Click to select)Short-term investments-trading (Ford)Short-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsCashShort-term investments-trading (D.Karan)Gain on sale of short-term investments
 (Click to select)CashShort-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)
 (Click to select)Short-term investments-trading (Z-Seven)Short-term investments-trading (D.Karan)CashShort-term investments-trading (Ford)Short-term investments-trading (Lucent)Loss on sale of short-term investmentsGain on sale of short-term investmentsShort-term investments-trading (Hunt)
July 22, 2012   (Click to select)Short-term investments-trading (Hunt)Short-term investments-trading (Lucent)Loss on sale of short-term investmentsShort-term investments-trading (Z-Seven)CashGain on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (D.Karan)
 (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)CashShort-term investments-trading (Z-Seven)Short-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (Lucent)Short-term investments-trading (Hunt)
Aug. 19, 2012   (Click to select)Short-term investments-trading (Hunt)Short-term investments-trading (D.Karan)CashShort-term investments-trading (Ford)Short-term investments-trading (Lucent)Loss on sale of short-term investmentsGain on sale of short-term investmentsShort-term investments-trading (Z-Seven)
 (Click to select)Short-term investments-trading (Lucent)Short-term investments-trading (D.Karan)Gain on sale of short-term investmentsLoss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Cash
Feb. 27, 2013   (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (D.Karan)Loss on sale of short-term investmentsCashShort-term investments-trading (B&D)
 (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (HCA)Short-term investments-trading (D.Karan)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (Ford)CashShort-term investments-trading (B&D)
Mar. 3, 2013   (Click to select)Gain on sale of short-term investmentsShort-term investments-trading (B&D)Short-term investments-trading (Hunt)CashShort-term investments-trading (HCA)Loss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (D.Karan)
 (Click to select)Short-term investments-trading (HCA)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (B&D)CashShort-term investments-trading (Ford)
 (Click to select)Short-term investments-trading (B&D)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (D.Karan)CashShort-term investments-trading (HCA)
June 21, 2013   (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Ford)Short-term investments-trading (B&D)Short-term investments-trading (Hunt)Short-term investments-trading (Lucent)CashGain on sale of short-term investmentsLoss on sale of short-term investments
 (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Hunt)Short-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (B&D)Gain on sale of short-term investmentsShort-term investments-trading (Lucent)Cash
 (Click to select)Short-term investments-trading (Ford)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)CashShort-term investments-trading (Lucent)Short-term investments-trading (Z-Seven)Loss on sale of short-term investmentsShort-term investments-trading (HCA)
June 30, 2013   (Click to select)Short-term investments-trading (HCA)Short-term investments-trading (Ford)Short-term investments-trading (B&D)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Loss on sale of short-term investmentsShort-term investments-trading (D.Karan)Cash
 (Click to select)Short-term investments-trading (D.Karan)Short-term investments-trading (B&D)Short-term investments-trading (Hunt)CashShort-term investments-trading (HCA)Loss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (Z-Seven)
Nov. 1, 2013   (Click to select)Short-term investments-trading (HCA)CashLoss on sale of short-term investmentsShort-term investments-trading (Ford)Short-term investments-trading (B&D)Gain on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (D.Karan)
 (Click to select)Short-term investments-trading (D.Karan)Short-term investments-trading (Z-Seven)Short-term investments-trading (Hunt)Short-term investments-trading (Ford)Loss on sale of short-term investmentsShort-term investments-trading (HCA)Gain on sale of short-term investmentsShort-term investments-trading (B&D)
 (Click to select)Short-term investments-trading (Z-Seven)Short-term investments-trading (HCA)Gain on sale of short-term investmentsLoss on sale of short-term investmentsShort-term investments-trading (Hunt)Short-term investments-trading (B&D)Short-term investments-trading (Ford)Short-term investments-trading (D.Karan)

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