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Question 3 View Policies Current Attempt in Progress Wildhorse Company had the following transactions pertaining to its temporary stock investments. Jan. 1 Purchased 650 shares
Question 3 View Policies Current Attempt in Progress Wildhorse Company had the following transactions pertaining to its temporary stock investments. Jan. 1 Purchased 650 shares of Swifty Company stock for $7,500 cash. June 1 Received cash dividends of $0.50 per share on the Swifty Company stock. Sept. 15 Sold 390 shares of the Swifty Company stock for $4,200 cash. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. C Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Question 4 View Policies Current Attempt in Progress Novak Corp. had these transactions pertaining to debt investments Jan. 1 Purchased 135 Wildhorse Co. 10% bonds (each with a face value of $1,000 for $135,000 cash. Interest is payable annually on December 31 Dec 31 Received annual interest on Wildhorse Co. bonds. Dec 31 Sold 45 Wildhorse Co, bonds for $48.000. 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)
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