CIS 105 Week 3 DQ 2 Essay

Submitted By indeforca1985
Words: 687
Pages: 3

This document of CIS 105 Week 3 Discussion Question 2 comprises: Post your response to the following: How does electronic commerce (e-commerce) affect you as a consumer, and how do you think e-commerce affects the way companies do business?
Deadline: ( ), General Questions - General General Questions Exercise 15-6 Accounting for trading securities L.O. P1 Forex Co. purchases various investments in trading securities at a cost of $59,000 on December 27, 2011. (This is 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 JournalDebitCredit Dec. 31, 2011 2. Prepare the January 3, 2012, entry when Forex sells a portion of its trading securities (that had originally cost $29,500) for $32,250. (Omit the "$" sign in your response.) DateGeneral JournalDebitCredit Jan. 3, 2012 Exercise 15-7 Adjusting available-for-sale securities 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 accounting periods. CostFair Value Vicks Corporation bonds payable $ 63,100 $ 58,000 Pace Corporation notes payable 57,200 49,400 Lake Lugano Company common 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.) DateGeneral JournalDebitCredit Dec. 31 Exercise 15-13 Securities transactions; equity method L.O. P4 Listed below are a few events and transactions of 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 outstanding and i...

To get more course tutorials visit - https://bitly.com/12Bk4P0

Be respectful of your classmates' and your professors' time. College courses tend to move at a faster pace than high school classes. Many classes have dozens or even hundreds of students. Save all but the most important questions for office hours, or ask them through email, rather than holding up the class.
Deadline: ( ), General Questions - General General Questions Exercise 15-6 Accounting for trading securities L.O. P1 Forex Co. purchases various investments in trading securities at a cost of $59,000 on December 27, 2011. (This is 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…