the following journal entries

Journal Entries

L$.$ Received a $$1800$ dividend from our investment in Masco Company stock.

This investment is accounted for under the equity method.

M$.$ Sold, at $$17$ per share, $270$ shares of treasury common stock purchased in $($I$).$

N$.$ Sold $2160$ shares of Jones company stock purchased in $(E)$ for $$13$

per share, including commission.

O$.$ Masco Company's total earnings are $$90000.$ We own $40\%.$ Record the earnings

for our company using the equity method.

$P.$ Sold the bonds purchased in $(H)$ at $103$ plus $$63$ in accrued interest.

Q$.$ At the end of the accounting period, the remaining shares of Jones Company stock

increased $$2\mathrm{.}00$ per share

R$.$ Record the payment of semiannual interest on the bonds issued in $($B$)$

and the amortization of the premium for six months.