Journal Entry

Monkey Mortgage Inc. engaged in the following non-strategic investment transactions during 2020 2020 Jan. 1 Purchased for 6407,624 6.51, 9401,000 Jaguar Corp. bond that matures in five years the the interest rate was 6.11. Interest is paid semiannually beginning June 30, 2017. okey Mortgage Int. plans to holdt investment until maturity. Mar. 1 Bought 6,100 shares of Mule Corp., paying $32.60 per share. May 7 Received dividends of $1.00 per share on the Male Corp. shares. Aug. 1 Sold the Mule Corp. shares for $32.85 per share. Required: 1. Prepare the entries to record the transactions described above. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet 2 1 Record the purchase of a S-year, 6.5%, $401,000 bond to be held as a Investment Note: Enter debits before credits Date General Journal Debit Credit Jan 01, 2020