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part a please In January 2022, the management of Blossom Company concludes that it has sutficient cash to permit some short-term investments in debt and

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In January 2022, the management of Blossom Company concludes that it has sutficient cash to permit some short-term investments in debt and equity securities, During the year, the following transactions occurred. Feb. 1 Purchased 700 shares of Muninger common stock for $35,000. Mar. 1 Purchased 900 shares of Tatman common stock for $22,500. Apr. 1 Purchased 60 of $1,000,8% Yoakem bonds for $60,000. Interest is payable semiarvually on April 1 and October 1. July 1 Received a cash dividend of $0.70 per share on the Muninger common stack. Aug. 1 Sold 233 shares of Muninger comminn stockat $65 per share. Sept.1 Received a $2 per share cash dividend on the Tatman common stock. Oct: 1 Peceived the semiannual interest on the Yoakem bonds. Oct 1 Sold the Yoakem bonds for $58,000. At December 31, the fair value of the Muninger and Tatman common stocks were 551 and $24 per share respectively These stock Investments by Blossom 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 O for the amounts.)

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