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 45.000 TL. Mar. 1 Purchased 600 shares of STL shares for 30,000TL. Mar.25 June 1 July 1 Aug. 1 Sept. 1 Oct. 1 Nov. 1 Required: DET declared 0.90TL dividends per share payable on September 1. Purchased 40 1.000TL 9% CTN bonds for 60,000TL. Interest is payable semiannually on June 1 and November 1. Sold 200 shares of DET and collected totally 19.880TL. Received a 1.5TL per share cash dividend on the STL shares. Received cash dividend on DET shares. Sold 20 CTN bonds and collected totally 25.750TL. Received the semiannual interest on CTN bonds. Journalize and post the transactions.
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 45.000 TL.
Mar. 1 Purchased 600 shares of STL shares for 30,000TL.
Mar.25
June 1
July 1
Aug. 1
Sept. 1 Oct. 1
Nov. 1
Required:
DET declared 0.90TL dividends per share payable on September 1. Purchased 40 1.000TL 9% CTN bonds for 60,000TL. Interest is payable semiannually on
June 1 and November 1.
Sold 200 shares of DET and collected totally 19.880TL.
Received a 1.5TL per share cash dividend on the STL shares.
Received cash dividend on DET shares. Sold 20 CTN bonds and collected totally 25.750TL.
Received the semiannual interest on CTN bonds.
Journalize and
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