On September 4, 2014, Chester Fish Company purchased 1000 shares of Christopher Company common stock for $76 per share as a short-term investment in securities classified as available-for-sale. On December 31, 2014, the stock had a fair value of $72 per share, and on March 10, 2015, Chester sold the stock for $80 per share.
Required:
In journal entry form, prepare the spreadsheet entries to record these transactions for Chester Fish Company's 2014 and 2015 statement of cash flows.

Question

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The Answer of On September 4, 2014, Chester Fish Company purchased 1000 shares of Christopher Company common stock for $76 per share as a short-term investment in securities classified as available-for-sale. On December 31, 2014, the stock had a fair value of $72 per share, and on March 10, 2015, Chester sold the stock for $80 per share.
Required:
In journal entry form, prepare the spreadsheet entries to record these transactions for Chester Fish Company's 2014 and 2015 statement of cash flows.

On September 4, 2014, Chester Fish Company Purchased 1000 Shares