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2. In January 2018, the management of ABC Company concludes that it has sufficient cash to purchase some short-term investments in bonds and shares. During
2. In January 2018, the management of ABC Company concludes that it has sufficient cash to purchase some short-term investments in bonds and shares. During the year, the following transactions occurred. Feb. 1 Purchased 500 shares of DET shares for 45,000TL. Mar. 1 Mar.25 June 1 July 1 Aug. I Sept. 1 Purchased 600 shares of STL shares for 30,000TL. DET declared 0.90TL dividends per share payable on September 1. Purchased 40 1,000TL 9% CTN bonds for 60,000TL. Interest is payable semiannually on June 1 and November 1. Sold 200 shares of DET and collected totally 19,880TL. Received a 1.5TL per share cash dividend on the STL shares. Received cash dividend on DET shares. Oct. 1 Nov. I Sold 20 CTN bonds and collected totally 25,750TL. Received the semiannual interest on CTN bonds. Required: Journalize and post the transactions
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