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Lab 21 Below is a list of investment transactions. Use the journal page in this folder to complete them. Then upload the completed journal page
Lab 21 Below is a list of investment transactions. Use the journal page in this folder to complete them. Then upload the completed journal page using the link in this folder. You are journalizing transactions for Moneybags Monopoly Corporation, a real estate service company providing consulting for clients who are buying and selling real estate. Moneybags also invests in Bonds and Equity securities of other organizations. When investing in Bonds they are always classified as Held to Maturity Debt Investments. When investing in Stocks of other companies they are always classified as Equity Investments. A few interest payments are skipped. Do only the transactions below. Use the Journal page provided to journalize these transactions: Date Jan 1, 2018 Transactions Pay cash to purchase $800,000 of 3.5% bonds at face value that pay interest on June 30 and Dec 31 each year Receive the interest from the bonds purchased on Jan 1, 2018 Pay cash to purchase 4,200 shares of another organization's common stock at $13 per share Received a cash dividend of $0.40 per share on the stock purchased on July 10. June 30, 2018 July 10, 2018 Sep 30, 2018 Oct. 30, 2018 Dec 31, 2018 Dec 31, 2022 Dec 31, 2022 Sold the stock for $13.70 per share Receive the interest from the bonds purchased on Jan 1, 2018 Receive the interest from the bonds purchased on Jan 1, 2018 Receive the $800,000 cash for the maturity of the bond
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