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Bentz Corporation bought and sold several securities during 2016. Listed below is a summary of the transactions: February 17 Purchased $105,000 of U.S. Treasury 6%
Bentz Corporation bought and sold several securities during 2016. Listed below is a summary of the transactions: February 17 Purchased $105,000 of U.S. Treasury 6% bonds at par plus accrued interest of $1,000. The security is to be held for short-term profits. April 10 Purchased 530 shares of Gauges Inc. common stock at $140 per share. This security will be held for an unspecified period of time. August 8 Sold 130 shares of Gauges Inc. for $150 per share October 5 Sold half of the U.S. Treasury bonds for $53,030 plus accrued interest of $330 Required Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 1 2 3 4 Purchased $105,000 of U.S. Treasury 6% bonds at par plus accrued interest of $1,000. The security is to be held for short-term profits. General Journal Debit Credit Date February 17 *Enter debits before credits done clear entry record entry
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