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Assume all investments are short-term and readily marketable. The following transactions occurred.June 2; purchased 300 shares of Beaty Corporation common stock for $45 per share; July 1; purchased 200 Meng Corporation bonds for $220,000; July 30; received a cash dividend of $2 per share from Beaty Corporation; September 15; sold 90 shares of Beaty Corporation stock for $50 per share; December 31; received semiannual interest check for $11,000 from Meng Corporation and received a cash dividends of $2 per share from Beaty Corporation.

Instructions: journalize the transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
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