...Jamona Corporation Scenario Amy McIntosh ACC545 May 7, 2012 Hung Tran Jamona Corporation Scenario The following paper details the journal entries relating to the investments, inventory, fixed assets, and capital leases noted within the Jamona Corporation document. The attached excel document shows applicable schedules, financial statement handling, and any necessary note disclosures. Investments Purchase 1/1/06 Available-for-sale Securities $322,744.44 Cash $322,744.44 12/31/06 Cash $36,000 Available-for-sale Securities $3,725.56 Interest Receivable $32,474.44 ($322,744.44 * 10%) Available-for-sale Securities $1,481.12 Unrealized holding gain/loss- Equity $1,481.12 ($320,500 – $319,018.88) 12/31/07 Cash $36,000 Available-for-sale Securities $3,725.56 Interest Receivable $32,474.44 ($322,744.44 * 10%) Available-for-sale Securities $7,401.89 Unrealized holding gain/loss- Equity $7,401.89 (see attached schedule) 12/31/08 Cash $36,000 Available-for-sale Securities $3,725.56 Interest Receivable $32,474.44 ($322,744.44 * 10%) Available-for-sale Securities $10,224.55 Unrealized holding gain/loss- Equity $10,224.55 (see attached schedule) 12/31/09 Cash $36,000 Available-for-sale Securities $3,725.56 Interest Receivable $32,474.44 ($322,744.44 * 10%) Available-for-sale Securities $6,949.10 Unrealized holding gain/loss- Equity $6,949.10 (see attached schedule) 12/31/10 Cash $36,000 Available-for-sale...
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