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Chapter 16: INVESTMENTS - 1 Jan 1. ABC Company purchased 1,000 shares of Apple Inc. for $40 per share plus a brokerage fee of $400.

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Chapter 16: INVESTMENTS - 1 Jan 1". ABC Company purchased 1,000 shares of Apple Inc. for $40 per share plus a brokerage fee of $400. Prepare the journal entry required to record this transaction on the books of ABC Company.. On July 15". ABC Company received payment of dividends from Apple Inc. in the amount of $2 per share. 16-2 Jan 1, ABC Company purchased $100,000 worth of 6% bonds issued by Apple Inc. for $98.000 plus a brokerage fee of $500. Prepare the journal entry required to record this transaction on the books of ABC Company Prepare the journal entry to record the accrual of interest on ABC's Books. (Remember these bonds are an investment to ABC Company)

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