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The following transactions were made by Sheridan Company. Assume all investments are short-term. June 2 Purchased 660 shares of Sunland Corporation common stock for $49
The following transactions were made by Sheridan Company. Assume all investments are short-term.
June 2 | Purchased 660 shares of Sunland Corporation common stock for $49 per share. | |
July 1 | Purchased 230 Carla Vista Corporation bonds for $287,500. | |
30 | Received a cash dividend of $2.25 per share from the Sunland Corporation. | |
Sept. 15 | Sold 140 shares of Sunland Corporation stock for $52 per share. | |
Dec. 31 | Received semiannual interest check for $13,500 from the Carla Vista Corporation. | |
31 | Received a cash dividend of $2.25 per share from the Sunland Corporation. |
Journalize the transactions.
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