On 12/31/16 Levinson Corp. held no investment securities.
On 1/01/17 Levinson purchased 12,000 shares of Whitmore Corp. stock for $50/share and continued to hold the stock until 9/12/18 when it was sold for $56/share (ignore transaction costs).
On 8/20/17, and on 8/19/18 Levinson receives a dividend of $2/share on the Whitmore stock.
The market value of Whitmore stock was $48/share on 12/31/17 and $51/share on 12/31/18.Required:
1. Provide all investment related journal entries assuming that Levinson classifies the Whitmore Corp. stock investment as "Trading."

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next