Buffalo Co. had purchased 160 shares of Washington Co. for $39 each this year (Oregon Co. does not have significant influence). Buffalo Co. sold 80 shares of Washington Co. stock for $45 each. At year-end, the price per share of the Washington Co. stock has dropped to $35.

Required:
Prepare the journal entries for these transactions and any year-end adjustments.

equity securities Washinton Co 6,240 debit

                      cash                             6,240 credit

--to record the purchase--

cash                             3,600 debit

      gain on equity securities               480 credit

       equity securities Washinton Co 3,120 credit

--to record sale--

unrealized loss                    320 debit

      equity securities Washinton Co   320 credit

--to record year-end adjustment--

Explanation:

purchase: 160 shares x $39 each = $6,240

sale:

sold  80 shares x $45 each = 3,600

book value 80 shares x $39 = 3,120

gain on sale                                  480

year end adjustment:

book value 80 shares as $39  3,120

market value at year-end $35  2,800

unrealized loss                              320

It is unrealized as we didn't sale the shares their price could change again therefore it is not realized.

answer; /// i do believe the correct answer is (possession utility);

employees use applications that are uniformed so that they are able to look over them more quickly because the do not want to spend a long time reading through the applications so they get all the infomation that the are looking for on the application they made so the do not have to read about unnessacary infomaton. so to make it simple it them find the person that they want to hirer faster with out wasting time.

i hope this i spelt things wrong i believe but this is why

mark me brainliest.

this website has me so much feel free to keep asking questions