An asterisk (*) will appear to the right of an incorrect entry.
For items a – c and h, complete the table below to determine the amounts. Enter items d – g and i as formulas.
a. Available-for-sale investments (at cost)
b. Valuation allowance for available-for-sale investments
c. Available-for-sale investments (fair value)
d. Interest receivable
e. Investment in Wright Co. stock
f. Total assets
g. Retained earnings
h. Unrealized gain (loss) on available-for-sale investments
i. Total liabilities and stockholders’ equity
Market
Cost per Value per
No. of Share (or Share (or
Shares (or $100 of $100 of Total Fair
Investments face amount) face amount) face amount) Cost Value
Alvaraz Inc. stock
Hirsch Inc. stock
Richter Inc.
Toon Co. bonds
Totals
Increase (decrease) in fair value
Problem 13-4B
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An asterisk (*) will appear to the right of an incorrect entry.
For items a – c and h, complete the table below to determine the amounts. Enter items d – g and i as formulas.
a. Available-for-sale investments (at cost) 147,200$
b. Valuation allowance for available-for-sale investments 4,680$
Answers are entered in the cells with gray backgrounds.
ON
Cells with non-gray backgrounds are protected and cannot be edited.
Problem 13-4B
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Instructions