Missing Statement Items, Trading Investments 1. EX.15-01 JED Capital Inc., makes investments in trading securities. Selected income statement items for the years ended December 31, Year 2 and Year 3,...


Missing Statement Items, Trading Investments<br>1. EX.15-01<br>JED Capital Inc., makes investments in trading securities. Selected income statement items for the years ended December 31, Year 2 and Year 3, plus selected items from comparative balance sheets, are<br>2. EX.15-02<br>shown in the income statement and balance sheet below:<br>3. EX.15-03<br>There were no dividends.<br>Determine the missing items.<br>4. EX.15-06<br>JED Capital Inc.<br>5. EX.15-08.ALGO<br>Selected Income Statement Items<br>6. EX.15-11.ALGO<br>For the Years Ended December 31, Year 2 and Year 3<br>Year 2<br>Year 3<br>7. EX.15-14.ALGO<br>Operating Income<br>$<br>Unrealized Gain (Loss)<br>(3,400)<br>Net Income<br>$23,800<br>JED Capital Inc.<br>Selected Balance Sheet Items<br>December 31, Year 1, Year 2, and Year 3<br>Dec. 31, Year 1<br>Dec. 31, Year 2<br>Dec. 31, Year 3<br>Trading Investments, at Cost<br>$209,200<br>$248,200<br>$292,500<br>Valuation Allowance for Trading Investments<br>(10,200)<br>15,300<br>Trading Investments, at Fair Value<br>Retained Earnings<br>$246,600<br>$326,300<br>

Extracted text: Missing Statement Items, Trading Investments 1. EX.15-01 JED Capital Inc., makes investments in trading securities. Selected income statement items for the years ended December 31, Year 2 and Year 3, plus selected items from comparative balance sheets, are 2. EX.15-02 shown in the income statement and balance sheet below: 3. EX.15-03 There were no dividends. Determine the missing items. 4. EX.15-06 JED Capital Inc. 5. EX.15-08.ALGO Selected Income Statement Items 6. EX.15-11.ALGO For the Years Ended December 31, Year 2 and Year 3 Year 2 Year 3 7. EX.15-14.ALGO Operating Income $ Unrealized Gain (Loss) (3,400) Net Income $23,800 JED Capital Inc. Selected Balance Sheet Items December 31, Year 1, Year 2, and Year 3 Dec. 31, Year 1 Dec. 31, Year 2 Dec. 31, Year 3 Trading Investments, at Cost $209,200 $248,200 $292,500 Valuation Allowance for Trading Investments (10,200) 15,300 Trading Investments, at Fair Value Retained Earnings $246,600 $326,300

Jun 01, 2022
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