Wildhorse Corporation had the following transactions pertaining to debt investments.

1.		Purchased 40 9%, $1,600 Leeds Co. bonds for $64,000 cash. Interest is payable annually on January 1, 2020.
2.		Accrued interest on Leeds Co. bonds on December 31, 2020.
3.		Received interest on Leeds Co. bonds on January 1, 2021.
4.		Sold 30 Leeds Co. bonds for $52,800 on January 1, 2021.

Exercise 16-06

On February 1, Sheridan Company purchased 800 shares (2% ownership) of Givens Company common stock for $32 per share. On March 20, Sheridan Company sold 160 shares of Givens stock for $4,640. Sheridan received a dividend of $1.00 per share on April 25. On June 15, Sheridan sold 320 shares of Givens stock for $12,160. On July 28, Sheridan received a dividend of $1.50 per share. Prepare the journal entries to record the transactions described above. (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 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.)

Crane Inc. had the following transactions pertaining to investments in common stock.

Jan.	1		Purchased 5,000 shares of Escalante Corporation common stock (4%) for $304,000 cash.
July	1		Received a cash dividend of $3 per share.
Dec.	1		Sold 1,000 shares of Escalante Corporation common stock for $64,000 cash.
Dec.	31		Received a cash dividend of $3 per share.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)