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Wonder Wilderness Company's Anna Washington is pleased with the growth of the business and has decided to invest its temporary excess cash in a brokerage
Wonder Wilderness Company's Anna Washington is pleased with the growth of the business and has decided to invest its temporary excess cash in a brokerage account. The company had the following securities transaction 2019 (Click the icon to view the securities transactions.) Read the requirements Jul. 7: Purchased 25% of the stock of Braun Backpacks consisting of 37.500 shares of stock (out of a total of 150,000 shares for $8 per share. Wonder Wilderness does have significant influence over Braun Date Accounts and Explanations Debit Credit Jul. 7 Jul. 10: Purchased a bond from Camden Canoes with a face value of $140,000. Wonder Wilderness intends to hold the bond to maturity. The bond pays interest semiannually on June 30 and December 31 Date Accounts and Explanations Debit Credit More Info Jul. 10 July 1 Purchased 12,000 shares in Axact Outdoor Adventure Company for $7 per share. Wonder Wilderness does not have significant influence over Axact. 7 Purchased 25% of the stock of Braun Backpacks consisting of 37,500 shares of stock (out of a total of 150,000 shares) for $8 per share. Wonder Wilderness does have significant influence over Braun Purchased a bond from Camden Canoes with a face value of $140,000. Wonder Wilderness intends to hold the bond to maturity The bond pays interest semiannually on June 30 and December 31 Sep. 30: Received dividends of $0.30 per share from Axact Date Accounts and Explanations Debit Credit 10 Sep. 30 Sep. 30 Received dividends of S0.30 per share from Axact Nov. 1Received dividends of S0.40 per share from Braun Dec 31 Received an interest payment of $2,800 from Camden Canoes. 31 Braun Backpacks reported net income of $110,000 for the year 31 Adjusted the Axact stock for a market value of $6.95 per share Choose from any list or enter any number in the input fields and then continue to the next question. Nov. 1: Received dividends of $0.40 per share from Braun. Date Accounts and Explanation Debit Credit Nov. 1 Dec. 31: Received an interest payment of $2,800 from Camden Canoes. Date Accounts and Explanations Debit Credit Dec. 31 Dec. 31: Braun Backpacks reported net income of $110,000 for the year. Date Accounts and Explanations Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next
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