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Current Attempt In Progress The following transactions were made by Coral Company, Assume all investments are short-term June 2 Purchased 600 shares of Schmidt Corporation
Current Attempt In Progress The following transactions were made by Coral Company, Assume all investments are short-term June 2 Purchased 600 shares of Schmidt Corporation common stock for $45 per share. July 1 Purchased 210 Dantzler Corporation bonds for $210.000. 30 Received a cash dividend of $2.25 per share from the Schmidt Corporation. Sept 15 Sold 120 shares of Schmidt Corporation stock for $50 per share. Dec 31 Received semiannual interest check for $9.240 from the Dantzler Corporation 31 Received a cash dividend of $2 25 per share from the Schmidt Corporation Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Credit Date Debit June 2 (To record purchase of 600 shares of Schmidt Corporation common stock) July 1 . (To record purchase of 210 Dantzler Corporation bonds) July 30 Muly (To record purchase of 210 Dantzler Corporation bonds) July 30 (To record receipts of cash dividend) Sept. 15 : (To record sale of Schmidt Corporation stock) Dec 31 (To record receipt of interest on Dantzler Corporation bonds) Dec 31 (To record receipt of cash dividend on remaining stock)
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