View Policies Show Attempt History Current Attempt in Progress In January 2020, the management of Pharoah Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred. Feb. Purchased 500 shares of Muninger common stock for $25,000. Mar. Purchased 700 shares of Tatman common stock for $17,500. Apr. Purchased 70 $1,020,8% Yoakem bonds for $71,400. Interest is payable semiannually on April 1 and October 1. July Received a cash dividend of $0.60 per share on the Muninger common stock. gazteago ** Aug. Sold 167 shares of Muninger common stock at $60 per share. Sept. Received a $1 per share cash dividend on the Tatman common stock. Oct. Received the semiannual interest on the Yoakem bonds. Oct. Sold the Yoakem bonds for $70,400. At December 31, the fair value of the Muninger common stock was $51 pershare. The fair value of the Tatman common stockwas $24 per share. (a) Question 5 of 8 0.25 Journalize the transactions and post to the accounts Debt Investments and Stock Investments. Use the T-account form) (Record journal entries in the order presented in the problem. Chedit acol ndented when amount is enteredDo not indent manually he entry is required, Steklenchi Te entry for the account cicles and enteronor We amounts Date Account Titles and explanation Debit Credit Rebl Stock Investments 25000 Cash 2500 Mar 1 IV Stock Investments 17500 Cash 1750 Apr: 1 Debt Investments 7140CH Cash 7140 Juivi v Cash 300 Dividend Revenue Aug 1 Cash 10020 Stock Investments 865 Gain on Sale of Stock Investments 167 Sept. 1 dash 700 Dividend Revenue 70 Oct. 1 Cash 2856 Interest Revenue 285 (To record the receipt of semiannual interest on Yoakem bonds) Oct 1 Cash 704010 Lass on sale of Debevestments 1000 Det Invesprents 7140 Question 5 of 8 Stock Investments 8350 Feb Mar. Dec 31 Bali 34160 Debt Investments Apd 1 71200 Oct 1 1400 Dec 31 Bal. 0 e Textbook and Media Solution List of Accounts Assistance Used Attempts (3 of 3 used Pregare the adjusting entry at December 31, 2020 te report the investment securities at fair value. All securities are considered trading secuties. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select 'No entry for the account titles and enter for the mounts Date Account Titles and Explanation Debit Credit Dec 31 Unrealized Gain or los ndome Fair Value Adjusorment Trading eTextbook and Media List of Accounts Attempts: 0 of us Anawar