In January $2022,$ the management of Ivanhoe Company concludes that it has sufficient cash to permit some short$-$term investments in debt and equity securities$.$ During the year, the following transactions occurred.

Feb. $1$ Purchased $700$ shares of Muninger common stock for $$38,500.$

Mar. $1$ Purchased $900$ shares of Tatman common stock for $$22,500.$

Apr. $1$ Purchased $50$ of $$1,050,6\%$ Yoakem bonds for $$52,500.$ Interest is payable semiannually on April $1$ and October $1.$

July $1$ Received a cash dividend of $$0\mathrm{.}60$ per share on the Muninger common stock.

Aug. $1$ Sold $233$ shares of Muninger common stock at $$65$ per share.

Sept. $1$ Received a $$2$ per share cash dividend on the Tatman common stock.

Oct. $1$ Received the semiannual interest on the Yoakem bonds.

Oct. $1$ Sold the Yoakem bonds for $$51,100.$

At December $31,$ the fair value of the Muninger and Tatman common stocks were $$56$ and $$24$ per share respectively. These stock investments by Ivanhoe Company provide less than a $20\%$ ownership interest.

Journalize the transactions and post to the accounts Debt Investments and Stock Investments. $($Use the T$-$account form.$)($Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit