on december 31 2011 durst company s balance sheet showed the following balances rela 3387156

On December 31, 2011, Durst Company s balance sheet showed the following balances related to its securities accounts: Trading securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $155,000 Less: Market adjustment-trading securities. . . . . . . . . . . . . . . . . . . . . . . . (7,250) …… $147,750 Available-for-sale securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $108,000 Add: Market adjustment-available-for-sale securities . . . . . . . . . . . . . . . . . 10,000 … 118,000 Interest receivable-NYC water bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,250 Durst s securities portfolio on December 31, 2011, was made up of the following securities: During 2012, the following transactions took place: Jan. 3 ……………….. Received interest on the New York City water bonds. Mar. 1 ……………. Purchased 300 additional shares of Herzog Corp. stock for $22,950, classified as a trading security. Apr. 15 ……………… Sold 400 shares of the Taylor Inc. stock for $69 per share. May 4 ………………. Sold 400 shares of the Martin Inc. stock for $62 per share. July 1 ……………….. Received interest on the New York City water bonds. Oct. 30 …………….. Purchased 1,500 shares of Cook Co. stock for $83,250, classified as a trading security. The fair values of the stocks and bonds on December 31, 2012, are as follows:

 

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