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The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable. Journalize the transactions. Jun. 2 Purchased 400 shares

The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable. Journalize the transactions.

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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