[hotboy20102008]

anyone know how to do these: never seen these ever... hoping to use answers as a foundation.

1. Purchased 40,000 shares of Retriever Company. The company purchased the
shares for $600,000. Retriever Company has 100,000 shares issued and
outstanding.
2. The company purchased five year 5% bonds from Jack Russell Corporation
with a face value of $100,000, with a 8% yield. The bonds were designated as
held-to-maturity investments. The bond pays interest semi-annually on
November 1st and May 1st.
3. The company purchased 1,200 shares of Husky Inc. at a cost of $6.50
per share. $150 commission was paid. These shares were designated
available-for-sale securities.
4. The company sold 2,500 shares of Chow Chow Inc. for $11.00 per share. This
transaction had brokerage fees of $550.
5. The company purchased 600 common shares of Labrador Inc. for $12 per
share plus brokerage fees of $150. These shares are expected to be sold
within the next operating cycle.
6. Received interest on bonds.
7. Sold 1,500 shares of Boxer Inc. for $21.00 per share.
8. The company paid $600 in broker fees for the sale of shares made on Jan 5.
9. Received a dividend of $0.25 per share on Poodle Inc. shares.
10. Received a dividend of $0.30 per share on Retriever Company shares.

[hotboy20102008]

Does anyone know a website where I can learn these... don't want to come off like I want you to do my homework... please let me know if you know any websites?

Thanks

[morgaine300]

You're saying your book doesn't show how to do these?

You've got too many different type of things going on here. Plus there's some info missing. The two sites I link to all the time don't even have this stuff, so I'm trying to find it.

The first one is a 40% interest and therefore an equity method.
How to Use The Equity Method of Accounting For Investments in Common Stock | eHow.com

You've got available-for-sale stuff. You've got bonds, which involves a yield different from the contract rate, and could be between interest periods for all I know. You've got sales, that likely involve gains or losses. Well, I'll just try to search all this junk and see what I come up with. I'm not going to find any one thing that goes over all of this.

Accounting Principles II: Accounting for Debt Securities - CliffsNotes
Accounting Principles

That's all I'm finding at the moment. I'm just googling, which you could do. You might want to take this one thing at a time, and just ask questions about that one thing.