On September 1,2X12,Tundra Greenhouses purchased available-for-sale securities consisting of common and preferred stocks.The portfolio consists of 100 shares of Blooming Company (purchased at $37 per share)and 305 shares of Leaf Company (purchased at $29 per share).The market value of the securities on a per share basis on September 30 were $35 for Blooming and $26 for Leaf.Prepare the journal entry that will need to be made on September 30,20X12.

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The Answer of On September 1,2X12,Tundra Greenhouses purchased available-for-sale securities consisting of common and preferred stocks.The portfolio consists of 100 shares of Blooming Company (purchased at $37 per share)and 305 shares of Leaf Company (purchased at $29 per share).The market value of the securities on a per share basis on September 30 were $35 for Blooming and $26 for Leaf.Prepare the journal entry that will need to be made on September 30,20X12.

On September 1,2X12,Tundra Greenhouses Purchased Available-For-Sale Securities Consisting of Common