Available for Sale Securities
Illustrative Entries
| 3-3-X6 |
Available for Sale Securities |
50,000 |
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|
Cash |
50,000 |
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| To record the purchase of 5,000 shares of Merriam stock at $10 per share |
| 3-31-X6 |
Unrealized Gain/Loss - OCI |
5,000 |
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|
Available for Sale Securities |
5,000 |
|||
| To record a $1 per share decrease in the value of 5,000 shares of Merriam stock |
| 4-30-X6 |
Available for Sale Securities |
15,000 |
||
|
Unrealized Gain/Loss - OCI |
50,000 |
|||
| To record a $3 per share increase in the value of 5,000 shares of Merriam stock |