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Problem #2 The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable. June 2 Purchased 400 shares of

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Problem #2 The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable. June 2 Purchased 400 shares of Snoop Corporation common stock for $45 per share. July 1 Purchased 200 Barr Corporation bonds for $228,000. 30 Received a cash dividend of $1.50 per share from Snoop Corporation. Sept. 15 Sold 120 shares of Snoop Corporation stock for $50 per share. Dec. 31 Received semiannual interest check for $13,000 from Barr Corporation. 31 Received a cash dividend of $2 per share from Snoop Corporation Instructions (26 points) Journalize the transactions

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