In January 2020, the management of Cullumber Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred.

Feb.	1		Purchased 1,140 shares of LAF common stock for $45,600.
Mar.	1		Purchased 490 shares of NCL common stock for $18,130.
Apr.	1		Purchased 73 $1,000, 8% TRC bonds for $73,000. Interest is payable semiannually on April 1 and October 1.
July	1		Received a cash dividend of $0.80 per share on the LAF common stock.
Aug.	1		Sold 198 shares of LAF common stock at $39 per share.
Sept.	1		Received $2 per share cash dividend on the NCL common stock.
Oct.	1		Received the semiannual interest on the TRC bonds.
Oct.	1		Sold the TRC bonds for $76,278.

At December 31, the fair values of the LAF and NCL common stocks were $36 and $30 per share, respectively. These stock investments by Cullumber Company provide less than a 20% ownership interest.

Journalize the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Aug. 1 Aug. 1 (To record interest) (To record sale of bonds) Post to the accounts Debt Investments and Stock Investments. (If the balance is zero (O), select date from drop down and enter O for the amounts.) Stock Investments