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The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable. Jun. 2 Purchased 400 shares of Snoop Corporation
The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable. |
Jun. 2 | Purchased 400 shares of Snoop Corporation common stock for $45 per share. |
Jul. 1 | Purchased 200 Barr Corporation bonds for $228,000. |
Jul. 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. |
Dec. 31 | Received a cash dividend of $2 per share from Snoop Corporation. |
Date | Account Titles | Ref. | Debit | Credit |
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