h. 7 HW Book Investments in Bonds and Stock Swartz Inc. enter into the following transactions during 2014 Required: Prepare all necessary journal entries on Swarta's records to account for its investments during 2016. Indicate the effect on financialment es by weeding for decrease (or negative effect," for noase for positive effect) and "Ne" for No Entry(or no effect) on the financial statement ay 1: Polis $10,000 to nequre on the open market 510.000 taon value of Gotein bonds. The bones have a stated annual interest rate of sw with interest paid semiannually on June 30 and December 31. The bonds mature in 5 years Journal Balance Sheet Income Statement Stockholders Equity Net Income Description Debit Credit Assets Uabilities Revenues Expenses Date 2015 1 Oct. 23 Purchased 550 shares of Eagle Rock common stock at 522 per share Journal Balance Sheet Income Statement Stockholders Equity Income Liabilities Date Credit Assets Revenues Expenses Description Debat 2016 Oct 23 Next Check My Work 0 Oct. 23: Purchased 550 shares of Eagle Rock common stock at $22 per share Journal Balance Sheet Income Statement Date Description Debit Credit Net Assets Stockholders Equity Labilities Revenge 2016 Expenses Income Oct, 23 Nov. 21 Purchased 150 shares of Montana preferred stock at $29 per share Journal Balance Sheet Income Statement Net Date Description Debit Credit Assets Stockholders Equity Liabilities + Revenues Expenses Income 2016 Nov. 21 Dec. 10: Received alvidends of $11.6 per share on the Eagle Rock stock and $2.3 per share on the Montana stock Journal Balance Sheet Imre State Dec. 10: Received dividends of $1.6 per share on the Eagle Rock stock and $2.3 per share on the Montana stock. Journal Balance Sheet Income Statement Description Debit Credit Stockholders Equity Date 2015 Net Assets Liabilities + Revenues Expenses Dec, 10 ec. 28+ Sold 330 shares of Eagle Rock common stock at $27 per share Journal Balance Sheet Net Description Stockholders Equity Debit Credit Assets Labilities + Revenues Date 2016 Expenses Income Dec. 28 Dec 31: Keceived interest from the Gallatin bonds Dec 31 Received interest from the Galatin bonds Journal Balance Sheet Income statement Net Stockholders Equity Date Description Debit Credit Assets Labies Revenues Expenses Encome 2016 Dec. 31 Previous Next Check My Work