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Need help journalizing and completing the T account entries In January 2022, the management of Sunland Company concludes that it has sufficient cash to permit

Need help journalizing and completing the T account entriesimage text in transcribedimage text in transcribedimage text in transcribed

In January 2022, the management of Sunland Company concludes that it has sufficient cash to permit some short-term investments in debt and equity securities. During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Purchased 500 shares of Muninger common stock for $27.500. Purchased 700 shares of Tatman common stock for $17.500. Purchased 60 of $1.240.8% Yoakem bonds for $74,400. Interest is payable semiannually on April 1 and October 1. Received a cash dividend of $0.70 per share on the Muninger common stock Sold 167 shares of Muninger common stock at $65 per share. Received a $2 per share cash dividend on the Tatman common stock Received the semiannual interest on the Yoakem bonds. Sold the Yoakem bonds for $72.600. Aug. 1 Sept. 1 Oct. 1 Oct. 1 At December 31, the fair value of the Muninger and Tatman common stocks were $56 and $24 per share respectively. These stock investments by Sunland Company provide less than a 20% ownership interest. Journalize the transactions and post to the accounts Debt Investments and Stock Investments. Use the T-account form.) (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit eb. 1 Stock Investments Cash Mar. 1 > Stock Investments Cash pr. 1 > Debt Investments Cash uly 1 Cash Stock Investments Gain on Sale of Stock Investments iept 1

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