BACK NEXT Questlon 16 In January 2020, the management of Crane Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred. Purchased 500 shares of Muninger common stock for $27,500. Feb. 1 Purchased 700 shares of Tatman common stock for $17,500. Mar. 1 Purchased 50 $1,300, 7 % Yoakem bonds for $65,000. Interest Apr. 1 payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.50 per share on the Muninger common stock. Aug. 1 Sold 167 shares of Muninger common stock at $65 per share. Sept. 1 Received a $2 per share cash dividend on the Tatman common stock. Oct. 1 Received the semiannual interest on the Yoakem bonds. Oct. 1 Sold the Yoakem bonds for $64,000. At December 31, the fair value of the Muninger common stock was $56 per share. The fair value of the Tatman common stock was $24 per share. (a) Journalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the 1-account form.) (Record journal entries in the order presented in the problem c t titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Credit Date Debit