On april 18, riley co. made a short-term investment in 300 common shares of xlt co. the purchase price is $42 per share and the broker’s fee is $250. the intent is to actively manage these shares for profit. on may 30, riley co. receives $1 per share from xlt in dividends. prepare the april 18 and may 30 journal entries to record these transactions.

april 18 short-term investments—trading (xlt) ?

cash ?

A- the queen isn’t specified which one so its to capitalized same with nuclear reactors and atomic power plant (aka they aren’t proper nouns)

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan