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ACCT 1020, Test2 PROBLEM 2, 20 points Williamson Corporation had the following transactions involving investments in various non-influential securities during the current year. Prepare the

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ACCT 1020, Test2 PROBLEM 2, 20 points Williamson Corporation had the following transactions involving investments in various non-influential securities during the current year. Prepare the journal entries to record these transactions in the space provided below. You may omit oxplanations Jan 1 Purchased 700 shares of NG Corp stock at $31 per share plus a $400 brokerage fee with the intent of actively trading theso socurities. interest semi-annually on Jun 30 and Dec 31. Willianson intends to hold tho bonds until they mature Mar 2 Received a $o.95 per share dividend from NG Corp. Mar 28 Sold 200 shares of NG Corp stock for $28 per sharo less a $175 brokerage fee Jun 30 Received the semi-annual interest payment from Mega Co Sep S0 Fiscal year end. The fair value of GN stock is $30 per share. Date DR CR Account Swanson Page 6 of 9

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