ACC207 Principies or Accounting II Problem #1: Darden Restaurant Assignment #AD In January the management of Darden Restaurant concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, these transactions occurred: Feb 1: Purchased 800 shares of California Pizza common stock for $41,800. Date Account Debit Mar 1: Purchased 550 shares of Burger King common stock for $20,300. Date Account Debit Credit Credit April 1: Purchased 75, $1,000, 12% McDonalds bonds for $76,200. Interest is payable semiannually on April 1 and October 1. Date Account Debit Credit July 1: Received a cash dividend of $.50 per share on the California Pizza common stock. Date Account Debit Credit Aug 1: Sold 200 shares of California Pizza common stock at $43 per share. Date Account Debit Credit I