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Q2 The following data were taken from the records of Zainab Chocolate Factory for the year ended December 31, 2019. Jan 2. Purchased merchandise on

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Q2 The following data were taken from the records of Zainab Chocolate Factory for the year ended December 31, 2019. Jan 2. Purchased merchandise on account from LaBella Co., $180,000 terms 2/10, n/30. Feb1 Issued a 6%, 2 month, $180,000 note in payment of account. Mar31 Accrued interest for 2 months on LaBella Co. note. Apr1 Paid face value and interest on LaBella Co note. July! Purchased equipment from Sur Electronics paying $65,000 in cash and signing a 9%, 3 month, $240,000 note. Sept.30 Accrued interest for 3 months on Sur Electronic note. Oct.1 Paid face value and interest on Sur Electronic note. Dec. 1 Borrowed $250,000 from the Dhofar Bank by issuing a 3 month, 12% interest bearing note with a face value of $250,000 Dec. 31 Recognized interest expense for 1 month on Dhofar Bank note. Dec. 31 Zainab Chocolate Co. does not segregate sales and sales taxes separately in its register. On Dec. 31 the register is $117,700, which includes a 7% sales taxes. Instructions: Prepare journal entries for the above transactions and events. Q3 In January 2010, the management of Noble Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred. Feb. 1 Purchased 600 shares of Hiens common stock for $31,800, plus brokerage fees of $600. Mar. 1 Purchased 800 shares of Pryce common stock for $20,000, plus brokerage fees of $400. Apr. 1 Purchased 50 $1,000, 7% Roy bonds for $50,000, plus $1,000 brokerage fees. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the Hiens common stock. Aug. 1 Sold 200 shares of Hiens common stock at $58 per share less brokerage fees of $200. Sept. 1 Received a $1 per share cash dividend on the Pryce common stock. Oct. 1 Received the semiannual interest on the Roy bonds. Oct. 1 Sold the Roy bonds for $50,000 less $1,000 brokerage fees. Instructions: Journalize the transactions

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