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Make necessary journal entries for each case (assume the company uses double declining balance method) 10. The following transactions were made by Sigma Company. Assume
Make necessary journal entries for each case (assume the company uses double declining balance method) 10. The following transactions were made by Sigma Company. Assume all investments are short-term and are readily marketable. June 2 Purchased 300 shares of Kappa Corporation common stock for $30 per share. July 1 Purchased 200 Lambda Corporation bonds for $210,000. (annual interest rate 10%) 30 Received a cash dividend of $2 per share from Kappa Corporation. Sept. 15 Sold 90 shares of Kappa Corporation stock for $35 per share. Dec. 31 Received semiannual interest check from Lambda Corporation. 31 Received a cash dividend of $2 per share from Kappa Corporation. Journalize the transactions
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