Can you make a journal entry for this problem please and thank you
Font Paragraph Styles Editing Voice Sensitivity Edition . . . 1 . . . 1 . . . 1 . . . 2 . . . 4 . . . 1 . . 5 . . .1 . . .6. . Jan. 3 Issued 15,000 shares of $20 par common stock at $30, receiving cash. Feb. 15 Issued 4,000 shares of $80 par preferred 5% stock at $100, Oct. 1 Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of receiving cash. $375. The bonds are classified as a held-to-maturity long-term May 1 Issued $500,000 of 10-year, 5% bonds at 104, with interest payable investment. semiannually. 7 Sold, at $38 per share, 2,600 shares of treasury common stock 16 Declared a quarterly dividend of $0.50 per share on common stock purchased on Jun. 8. and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury 14 Received a dividend of $0.60 per share from the Solstice Corp. shares were held and 20,000 shares of preferred stock were investment on Jun. 1. outstanding. Journalize this transaction as two separate entries. 29 Sold 1,000 shares of Solstice Corp. at $45, including commission. 26 Paid the cash dividends declared on May 16. 31 Recorded the payment of semiannual interest on the bonds issued on May 1 and the amortization of the premium for six months. The Jun. 1 Purchased 7,500 shares of Solstice Corp. at $40 per share plus a amortization is determined using the straight-line method. $150 brokerage commission. The investment is classified as an available-for-sale investment. 8 Purchased 8,000 shares of treasury common stock at $33 per Dec. 31 Accrued interest for three months on the Dream Inc. bonds share. purchased on Oct. 1. 22 Purchased 40,000 shares of Pinkberry Co. stock directly from the 31 Pinkberry Co. recorded total earnings of $240,000. Equinox founders for $24 per share. Pinkberry has 125,000 shares issued Products recorded equity earnings for its share of Pinkberry Co. net income. and outstanding. Equinox Products Inc. treated the investment as an equity method investment. 31 The fair value for Solstice Corp. stock was $39.02 per share on December 31, Year 1. The investment is adjusted to fair value, 30 Declared a $1.00 quarterly cash dividend per share on preferred using a valuation allowance account. Assume that Valuation stock. On the date of record, 20,000 shares of preferred stock had Allowance for Available-for-Sale Investments had a beginning been issued. balance of zero. Jul. 11 Paid the cash dividends declared on Jun. 30 to the preferred stockholders. Aug. 27 Received $27,500 dividend from Pinkberry Co. investment of Jun. 22 411 words Focus Lo
