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Dream Corporation generated excess cash and invested in securities as follows: i (Click the icon to view the transactions.) Read the requirements. Requirement 1.
Dream Corporation generated excess cash and invested in securities as follows: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Classify each of the investments made during 2018. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Classification Reason Cone stock Solane bond Requirement 2. Journalize the 2018 transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jul. 2: Purchased 3,600 shares of Cone, Inc. common stock at $15.00 per share. Dream plans to sell the stock within three months, when the company will need the cash for normal operations. Dream does not have significant influence over Cone. Date Jul. 2 Accounts Debit Credit
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