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Investments Dream Corporation generated excess cash and invested in securities as follows: Jul 2, 2018: Purchased 4,100 shares of Cone Inc. common stock at $1300
Investments Dream Corporation generated excess cash and invested in securities as follows: Jul 2, 2018: Purchased 4,100 shares of Cone Inc. common stock at $1300 per share Dream plans to sell the stock within three months, when the company will need the cash for normal operations. Dream does not have significant influence over Cone . Aug. 21, 2018: Received a cash dividend of 50.60 per share on the Cone stock investment Sep 16, 2018 Sold the Cone stock for $13.90 per share Oct 1, 2018: Purchased a Ronco bond for $36,000 at face value. Dream classifies the investment trading and short term. Dec 31, 2018 Received a S260 interest payment from Ronco Dec 31, 2018 Adjusted the Ronco bond to its market value of S41,000 Classify each of the investments made during 2018 (Assume the investments represent less than 20% of ownership of outstanding voting stock) Cone stock . Ronco bond Journalize the 2018 transactions. (Record debits first, then credits.) Jul. 2, 2018: Purchased 4.100 shares of Cone, Inc. common stock at $13.00 per share. Dream plans to sell the stock within three months, when the company will need the cash for normal operations. Dream does not have significant influence over Cone. . Aug 21, 2018: Received a cash dividend of 50.60 per share on the Cone stock investment Sep. 16, 2018: Sold the Cone stock for $13.90 per share. Oct 1, 2018. Purchased a Ronco bond for $36,000 at face value Dream classifies the investment as trading and short-term Dec 31, 2018 Received a $260 interest payment from Ronco Dec 31, 2018 Adjusted the Ronco bond to its market value of S41 000
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