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i need it now Bentz Corporation bought and sold several securities during 2021. Listed below is a summary of the transactions: February 17 Purchased $102,000
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Bentz Corporation bought and sold several securities during 2021. Listed below is a summary of the transactions: February 17 Purchased $102,000 of U.S. Treasury 6% bonds at par plus accrued interest of $1,000. The security is to be held for short-term profits. April 10 Purchased 500 shares of Gauges Inc. common stock at $140 per share. This security will be held for an unspecified period of time. Sold 100 shares of Gauges Inc. for $150 per share. August October 5 Sold half of the U.S. Treasury bonds for $51,500 plus accrued interest of $300. Required: Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal em required" in the first account field.) View transaction list Journal entry worksheet Purchased 500 shares of Gauges Inc. common stock at $140 per share. This security will be held for an unspecified period of time. Note: Enter debits before credits. Debit Credit Date General Journal Apr 10 Gain on investments (unrealized, NI) Cash 70,000 70,000 August 8 This security will be held for an unspecified period of time. Sold 100 shares of Gauges Inc. for $150 per share. October 5 Sold half of the U.S. Treasury bonds for $51,500 plus accrued interest of $300. Required: Prepare the journal entries for the above transactions. (If no entry is required for a transaction/event, select "No required" in the first account field.) View transaction list Journal entry worksheet Step by Step Solution
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