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Problem VII - Debt and Stock Investments Cam Inc, has decided to invest its access cash in some short-term equity and debt securities. The company

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Problem VII - Debt and Stock Investments Cam Inc, has decided to invest its access cash in some short-term equity and debt securities. The company incurred the following transactions during 2021. Jan. 14 Purehased 20,11%,$1,000 Tre Corp. bonds for $20,000. The bonds pay interest semiannually on July 1 and January 1. Apr. 25 Purchased 4,200 shares of Cay Company common stock for $94,500. July: 1 Interest on the $20,000 bonds is received. Aug 1 Received a \$1 per share dividend on Cay Company common stock. Nov. 30 Sold all of the Tre Corp. bonds for $23,200. Dec. 31 Cay Company common stock is trading for $21 per share. Cay Company earned $164,000 of net income this year. Instructions: Journalize the transactions for Cam Ine

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