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The Wellington Company You are working for The Wellington Company on temporary assignment while one of the accountants is on family leave. You have
The Wellington Company You are working for The Wellington Company on temporary assignment while one of the accountants is on family leave. You have been asked to review the company's investment journal entries and provide necessary information to the accountant preparing the financial statements. Journal Date Description Jan. 17 Investments-Red Rock Co. Stock Cash Feb. 5 Investments-Sunset Village Bonds Interest Receivable Cash Feb. 23 Investments-Mays and Co. Stock Cash Mar. 31 Cash Interest Receivable Interest Revenue Debit Credit 39,600 39,600 36,000 310 36,310 27,000 27,000 360 Apr. 6 Investment in Minions Corp. Stock 180,000 Cash Apr. 30 Cash Dividend Revenue Jul 1 Cash 310 50 180,000 750 750 19,630
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