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Problem 15- 1 A PART 1 Month 2009 Jan Day ACCOUNT TITLE amp; EXPLANATION DEBIT CREDIT 20 Purchased Ford Motor Co. shares Feb 9 Purchased Lucent...
Protom Company, which began operations in2009, invest its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities.2009Jan. 20 Purchased 800 shares of Ford Motor Co. at $26 per share plus a $120 commission.Feb. 09 Purchased 2,600 shares of Lucent at $39 per share plus a $578 commission.Oct. 12 Purchased 800 shares of Z-Seven at $7.50 per share plus a $200 commission.2010Apr. 15 Sold 800 shares of Ford Motor Co. at $30 per share less $300 commission.5 Sold 800 shares of Z-Seven at $11 per share less a $103 commission.July 22 Purchased 2,000 shares of Hunt Corp. at $39 per share plus a $444 commission.Aug 19 Purchased 1,600 shares of Donna Karan at $19.50 per share plus a $290 commission.2011Feb. 27 Purchased 3,500 shares of HCA at $31 per share plus a $420 commission.Mar. 03 Sold 2,000 shares of Hunt at $35 per share less a $250 commission.June 21 Sold 2,600 shares of Lucent at $36.75 per share less a $420 commission.June 30 Purchased 1,300 share of Black & Decker at 47.50 per share plus a $595 commission.Nov. 01 Sold 1,600 shares of Donna Karen at $19.50 per share less a $309 commission.Required1.
