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Oriole Company had these transactions pertaining to stock investments: Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 840 shares of BJ common stock (2%
Oriole Company had these transactions pertaining to stock investments: Feb. 1 July 1 Sept. 1 Dec. 1 Purchased 840 shares of BJ common stock (2% of outstanding shares) for $5,880. Received cash dividends of $2 per share on BJ common stock. Sold 350 shares of BJ common stock for $3,780. Received cash dividends of $1 per share on BJ common stock. (a) Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Ayayai Corp. had these transactions pertaining to debt investments: Jan. 1 Purchased 243 Blossom Company 10% bonds (each with a face value of $1,000) for $243,000 cash. Interest is payable annually on December 31. Received annual interest on Blossom Company bonds. Sold 81 Blossom Company bonds for $86,400. Dec. 31 Dec. 31 Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit A (To record interest received) A (To record sale of bonds) Flounder Corporation purchased debt investments for $53,200 on January 1, 2022. On July 1, 2022, Flounder received cash interest of $1,000. Journalize the purchase and the receipt of interest. Assume no interest has been accrued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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