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The following transactions were made by Satterfield Company. Assume all investments are short-term and are readily marketable, i.e., trading securities May 8 Purchased 700 shares

The following transactions were made by Satterfield Company. Assume all investments are short-term and are readily marketable, i.e., trading securities May 8 Purchased 700 shares of Cabble Corporation common stock for $58 per share. June 30 Purchased 400 Fern Corporations $1,000, 8% bonds at 98. The bonds pay interest annually on December 31. 30 Received a cash dividend of $0.85 per share from Cabble Corporation. Aug. 15 Sold 320 shares of Cabble Corporation stock for $54 per share. Dec. 31 Received semiannual interest check from Fern Corporation. 31 Received a cash dividend of $0.95 per share from Cabble Corporation. Instructions: Journalize the transactions.

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