Journal Entries Cash Common stock Paid in Capital in Excess of par Cash Premium on bonds payable Cash Dividend Dividend Payable Dividend Payble Cash 2-8 points each (75 poin 104,500 95,000 9,500 199,500 9,500 199,500 76,000 7,600 76,000 76,000 Investment-Jones Company 108,300 Cash 108,300 Stock Dividends 38,000 Stock Dividends Distributable 19,000 Paid in Capital in Excess of Par - Common Stock 19,000 Stock Dividends Distributable 19,000 Common stock 19,000 Investment - Bonds 5,000 Cash Treasury Stock Cash 5,000 6,840 6,840 Cash 125 Interest Receivable 125 Cash 1,140 Dividend Revenue 1,140 Cash 1,900 Investment-Masco Company stock 1,900 Cash 4,845 Treasury Stock 3,420 Paid in Capital from Sale of Treasury Stock 1,425 Cashi 23,940 Gain on sale of investment 6,840 Investments-Jones Company Stock 17,100 Investment- Masco Company Stock 38,000 Income-Masco Company Stock 38,000 Cash 5,213 Investment-Bond 5,000 Interest Revenue 63 Gain on sale of investment 150 Investment-Jones Company 4,800 Unrealized gain on trading investment 4,800 Interest Expense 9,500 9,500