In January 2022, the management of Blossom Company concludes that it has sufficient cash to putchase some short-term investments in debit and stocks securities.

In January 2022, the management of Blossom 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. Jan. 1 Feb. 1 Mar. 1 July 1 Purchased 75 $1.000,8% TRC bonds for $75,000. Interest is payable annually on December 31. Purchased 1.295 shares of LAF common stock for $53,095 Purchased 540 shares of NCL. common stock for $18.900. Received a cash dividend of $0.80 per share on the LAF common stock Sold 217 shares of LAF common stock at $40 per share, Received $2 per share cash dividend on the NCL. common stock Received the annual interest on the TRC bonds Aug 1 Sept 1 Dec 31 31 Sold the TRC bonds for $77,665 (a) Your answer is partially correct. Journalize the above transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Debit Credit Account Titles and Explanation Debt Investments Jan. 1 75000 Cash Feb 1 Stock investments 53095 Feb. 1 Stock Investments 53095 Cash Mar. 1 Stock Investments 18900 Cash July Cash 1036 Dividend Revenue Aug 2 Cath 360 Loss on Sale of Stock Investments Aug 1 Cash 8680 Loss On Sale of Stock Investments Stock Investments Sept. 1 Cash 1080 Dividend Revenue Dec 31 Cash 77665 Debit Investments (To record interest) CUTIVE (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 the drop down and enter for the amount in the column that represents the normal balance for the account.) Stock Investments DOO Debt Investments