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- / 15 View Policies In January 2022, the management of Paver Corporation, a publicly-traded company, decides that it has sufficient cash to purchase some
- / 15 View Policies In January 2022, the management of Paver Corporation, a publicly-traded company, decides that it has sufficient cash to purchase some debt and equity securities to be held as trading investments. During the year, the following transactions occurred. Feb. 1 Purchased 1,100 shares of NJF common shares for $46,200. Mar. 1 Purchased 600 shares of SEK common shares for $24,000. Apr. 1 Purchased 70 $1,000, 8% CRT bonds for $71,300. Interest is receivable semi-annually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the NJF common shares. Aug. 1 Sold 200 shares of NJF common shares at $39.00 per share. Sept. 1 Received $2 per share cash dividend on the SEK commcri shares. Oct. 1 Received the semi-annual interest on the CRT bonds. Oct. 1 Sold the CRT bonds for $76,110. At December 31. Paver's fiscal year end, the fair values of the NJF and SEK common shares were $38 and $30 per share, respectively. Record the above transactions, including required adjusting journal entries (if any). (Credit account tites are automatically indented when the amount is entered. Do not indent manually. List oll debit entries before credit entries. If no entry is required, select "Entry for the account title and enter for the amounts) Debit Credit Date Account Titles and Explanation Question 8 of 12 = 11 You've completed all of the work in this assignment. Question 8 of 12 - 115 (To record receipt of interest on CRT bonds.) (To record sale of CRT bonds.)
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