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The following transactions were made by Arcade Fire Company. Assume all investments are short-term and re- June 15: Purchased 600 shares of Atlus Corporation
The following transactions were made by Arcade Fire Company. Assume all investments are short-term and re- June 15: Purchased 600 shares of Atlus Corporation Common Stock for $40 per share. July 01: Purchased 150 Baio Corporation bonds for $250,000. July 30: Received a cash dividend of $2 per share from Atlus Corporation. August 15: Sold 300 shares of Snoop Corporation stock for $50 per share. December 25: Received interest check for $20,000 from Baio Corporation. December 31: Received a cash dividend of $3 per share from Atlus Corporation. INSTRUCTIONS: Prepare the journal entries for the previously listed transactions. L Dates should be keyed as Month DD (example: July 17; exactly as written above). Account titles must b- CREDIT. The Word Bank Below should help with this. AMOUNTS MUST BE WRITTEN USING COMMAS ( 15,000).
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