Investments in Bonds and Stock Vermont Corp. enters into the following transactions during 2008:

July 1: Paid $10,000 to acquire on the open market $10,000 face value of Maine bonds. The bonds have a stated annual interest rate of 8% with interest paid semiannually on June 30 and December 31. The remaining life of the bonds on the date of purchase is 31/2 years.

Oct. 23: Purchased 1,000 shares of Virginia common stock at $15 per share.

Nov. 21: Purchased 600 shares of Carolina preferred stock at $8 per share.

Dec. 10: Received dividends of $0.50 per share on the Virginia stock and $1.00 per share on the Carolina stock.

Dec. 28: Sold 700 shares of Virginia common stock at $19 per share.

Dec. 31: Received interest from the Maine bonds.

Required Prepare all necessary journal entries on Vermont’s records to account for its investments during 2008.