Assessing Financial Statement Effects of Trading and Available-for-Sale Securities (a) Use the financial statement effects template to record the following four transactions involving investments in marketable securities. Assume that these transactions occur in 2018. Purchased 6,000 common shares of Liu, Inc., at $12 cash per share. Received a cash dividend of $1.20 per common share from Liu. Year-end market price of Liu common stock is $11.25 per share. Sold all 6,000 common shares of Liu for $66,300.(b) Using the same transaction information as above, complete the financial statement effects template assuming the investments in marketable securities are classified as available-for-sale.

During march, the business engaged in the following transactions: a. borrowed $45,000 from the bank and signed a note payable in the name of the business. b. paid cash of $40,000 to acquire land. c. performed service for a customer and received cash of $5,000. d. purchased supplies on account, $300. e. performed customer service and earned revenue on account, $2,600. f. paid $1,200 on account. g. paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. h. received $3,100 on account. i. received a $200 utility bill that will be paid next week. j. paid cash dividends of $1,800. required: 1.) prepare journal entries for each transaction. enter journal entries by the transaction letter. 2.) prepare the trial balance of my motors, inc. at march 31, 20xx. 3.) prepare financial statements for my motors, inc. for the period ending march 31, 20xx. (income statement and balance sheet)