Abednego Company purchased equity investments held for trading on January 1, 2020. Market – (12/31/20) 1,700,000 2,000,000 3,600,000 Purchase Price Transaction Cost Security 1 Security 2 Security 3...

Topic: Investment Prepare all necessary entries and provide all financial statements

Abednego Company purchased equity investments held for trading on January 1, 2020.<br>Market – (12/31/20)<br>1,700,000<br>2,000,000<br>3,600,000<br>Purchase Price<br>Transaction Cost<br>Security 1<br>Security 2<br>Security 3<br>1,500,000<br>2,500,000<br>100,000<br>200,000<br>300,000<br>3,500,000<br>On June 1, 2021, Abednego Co. sold Security 1 for P2,100,000.<br>

Extracted text: Abednego Company purchased equity investments held for trading on January 1, 2020. Market – (12/31/20) 1,700,000 2,000,000 3,600,000 Purchase Price Transaction Cost Security 1 Security 2 Security 3 1,500,000 2,500,000 100,000 200,000 300,000 3,500,000 On June 1, 2021, Abednego Co. sold Security 1 for P2,100,000.

Jun 11, 2022

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Abednego Company purchased equity investments held for trading on January 1, 2020. Market – (12/31/20) 1,700,000 2,000,000 3,600,000 Purchase Price Transaction Cost Security 1 Security 2 Security 3...

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