2. In January 2018, the management of ABC Company concludes that it has sufficient cash to purchase some short-term investments in bonds and shares. During the year, the following transactions occurred. Feb. 1 Purchased 500 shares of DET shares for 45,000TL. Mar. 1 Purchased 600 shares of STL shares for 30,000TL. Mar.25 DET declared 0.90TL dividends per share payable on September 1. June 1 Purchased 40 1,000TL 9% CTN bonds for 60,000TL. Interest is payable semiannually on June 1 and November 1. July 1 Sold 200 shares of DET and collected totally 19,880TL. Aug. 1 Received a 1.5TL per share cash dividend on the STL shares. Sept. 1 Received cash dividend on DET shares. Oct. 1 Sold 20 CTN bonds and collected totally 25,750TL. Nov. 1 Received the semiannual interest on CTN bonds. Required: Journalize and post the transactions.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2. In January 2018, the management of ABC Company concludes that it has sufficient cash to purchase some short-term investments in bonds and shares. During the year, the following transactions occurred.

Feb. 1 Purchased 500 shares of DET shares for 45,000TL.

Mar. 1 Purchased 600 shares of STL shares for 30,000TL.

Mar.25 DET declared 0.90TL dividends per share payable on September 1.

June 1 Purchased 40 1,000TL 9% CTN bonds for 60,000TL. Interest is payable semiannually on June 1 and November 1.

July 1 Sold 200 shares of DET and collected totally 19,880TL.

Aug. 1 Received a 1.5TL per share cash dividend on the STL shares.

Sept. 1 Received cash dividend on DET shares.

Oct. 1 Sold 20 CTN bonds and collected totally 25,750TL.

Nov. 1 Received the semiannual interest on CTN bonds.

Required: Journalize and post the transactions.

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