The following transactions were made by Allen Company. Assume all investments are short-term and are readily marketable, i.e., trading securities.

June 2 Purchased 600 shares of Snoop Corporation common stock for $35 per share.

July 1 Purchased 500 of Barr Corporations $1,000, 6% bonds at 104. The bond pay interest semiannually on July 1 and December 31.

30 Received a cash dividend of $0.50 per share from Snoop Corporation.

Sept. 15 Sold 150 shares of Snoop Corporation common stock investment for $40 per share.

Dec. 31 Received semiannual interest check from Barr Corporation.

31 Received a cash dividend of $0.75 per share from Snoop Corporation.

Instructions

Journalize the transactions.