=+EX 15-7 Entries for stock investments, dividends, and sale of stock obj. 3

✔ Nov. 14, Dividend revenue, $150 bonds acquired on May 1, plus one month accrued interest. On December 31, 2010, four months’ interest was accrued for the remaining bonds.

Determine the interest earned by Carly Company on Baltimore Company bonds for 2010.