Cis 105 week 3 dq 1

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This file of CIS 105 Week 3 Discussion Question 1 contains:
Post your response to the following after considering how
technology enables peopleto communicate constantlywith
each other through mobile phones, instant messaging, video
teleconferencing, and e-mail: How often do you gain or
exchange informationvia your computer? In how many ways
is this possible? How valuabledo you think the internet has
become to personal communication?What are some of the
problems that sometimes arise through the use of this
technology? How could it affect a learning environment?
Deadline:( ), General Questions - General General Questions
Exercise 15-6 Accounting for trading securities L.O. P1 Forex
Co. purchases variousinvestments in trading securities at a
cost of $59,000 on December 27, 2011. (Thisis its first and
only purchase of such securities.) At December 31, 2011,
these securities had a fair value of $70,000. 1. Prepare the
December 31, 2011, year-end adjusting entry for the trading
securities' portfolio.(Omit the "$" sign in your response.)
DateGeneral JournalDebitCreditDec. 31, 2011 2. Prepare the
January 3, 2012, entry when Forex sells a portion of its
trading securities (that had originallycost $29,500) for
$32,250. (Omit the "$" sign in yourresponse.) DateGeneral
JournalDebitCreditJan. 3, 2012 Exercise 15-7 Adjusting
available-for-salesecurities to fair value L.O. P3 On
December 31, 2011, Rollo Company held the following short-
term investments in its portfolio of available-for-sale
securities. Rollo had no short-term investments in its prior

2. accounting periods. CostFair Value Vicks Corporationbonds
payable$ 63,100 $ 58,000 Pace Corporationnotes payable
57,200 49,400 Lake Lugano Companycommon stock 88,100
84,600 Prepare the December 31, 2011, adjusting entry to
report these investments at fair value. (Omit the "$" sign in
your response.) DateGeneralJournalDebitCreditDec. 31
Exercise 15-13 Securities transactions; equity method L.O. P4
Listed below are a few events and transactionsof Kash
Company. 2011 Jan.2 Purchased 80,000 shares of Bushtex Co.
common stock for $544,000 cash plus a broker's fee of
$4,850 cash. Bushtex has 177,778 shares of common stock
outstandingand its policies will be significantlyinfluencedby
Kash. Sept.1 Bushtex declared and paida cash dividendof
$2.80 per share. Dec.31 Bushtex announcedthat net income
for the year is $1,233,779. 2012 June1 Bushtex declared and
paid a cash dividendof $3.05 per share. Dec.31 Bushtex
announcedthat net income for the year is $1,383,113.
Dec.31 Kash sold 16,000 shares of Bushtex for $361,382 cash.
Prepare journalentries to record the above transactionsand
events of Kash Company. (Do not round intermediate
calculationsand round your final answers to the nearest
dollaramount. Omit the "$" sign in your response.)
DateGeneral JournalDebitCredit Jan. 2, 2011 Sept. 1, 2011
Dec. 31, 2011 June 1, 2012 Dec. 31, 2012 Dec. 31, 2012
Problem 15-1A Recording transactionsand fair value
adjustments for trading securities L.O. P1 [The following
informationapplies to the questionsdisplayedbelow.] Ryder
Company, which began operationsin 2011, invests its idle
cash in trading securities. The following transactionsare from
its short-term investments in its trading securities. 2011
Jan.20 Purchased 900 shares of Ford MotorCo. at $27 per

3. share plus a $130 commission. Feb.9 Purchased 2,700 shares
of Lucent at $30 per share plusa $195 commission. Oct.12
Purchased 800 shares of Z-Seven at $8.10 per share plus a
$100 commission. 2012 Apr.15 Sold 900 shares of Ford
Motor Co. at $30 per share less a $290 commission. July5
Sold 800 shares of Z-Seven at $10.50 per share less a $95
commission. July22 Purchased 1,800 shares of Hunt Corp. at
$30 per share plusa $230 commission. Aug.19 Purchased
1,900 shares of Donna Karan at $12 per share plus a $105
commission. 2013 Feb.27 Purchased 3,900 shares of HCA at
$35 per share plusa $430 commission. Mar.3 Sold 1,800
shares of Hunt at $25 per share less a $125 commission.
June21 Sold 2,700 shares of Lucent at $27.75 per share less a
$37 commission. June30 Purchased 1,300 shares of Black
Decker at $47.50 per share plus a $590 commission. Nov.1
Sold 1,900 shares of Donna Karan at $23.00 per share less a
$124 commission. rev: 12_07_2011 references 1.value: 3.00
points Problem 15-1A Part 1 1. Prepare journalentries to
record these short-term investment activities for the years
shown. (Ignore any year-end adjustingentries.) (Input all
amountsas positive values. Omit the "$" sign in your
response.) DateGeneralJournalDebitCreditJan.20, 2011
Feb. 9, 2011 Oct. 12, 2011 Apr. 15, 2012 July 5, 2012 July
22, 2012 Aug. 19, 2012 Feb. 27, 2013 Mar. 3, 2013 June 21,
2013 June 30, 2013 Nov. 1, 2013 rev: 12_07_2011 eBook
Linkreferences 2.value:3.00 points Problem 15-1A Part 2 2.
On December 31, 2013, prepare the adjusting entry to record
any necessary fair value adjustment for the portfolio of
trading securities when HCA’s share price is $37 and Black
Decker’s share price is $43.5. (Assume the Fair Value
Adjustment—Tradingaccount had an unadjustedbalanceof

4. zero.) (Omit the "$" sign in your response.) DateGeneral
JournalDebitCreditDec. 31, 2013
Be sure to eat a healthy breakfast on test days. Even a
simple, small breakfast such as yogurt or a piece of fruit will
help. Your brain cannot function as well on an empty
stomach and its growling will distract you from your exam.
Feeling sick or lackluster can negatively impact your results in
class....
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