The Following Transactions Were Made by Coral Company $\quad$ Purchased 600 Shares of Schmidt Corporation Common Stock for $45

question 199

Essay

The following transactions were made by Coral Company. Assume all investments are short-term.
June 2 $\quad$ Purchased 600 shares of Schmidt Corporation common stock for $45 per share.
July 1 $\quad$ Purchased 210 Dantzler Corporation bonds for $210,000.
$\quad$ 30 $\quad$ Received a cash dividend of $2.25 per share from the Schmidt Corporation.
Sept. 15 $\quad$ Sold 120 shares of Schmidt Corporation stock for $50 per share.
Dec. 31 $\quad$ Received semiannual interest check for $9,240 from the Dantzler Corporation.
$\quad$ 31 $\quad$ Received a cash dividend of $2.25 per share from the Schmidt Corporation.
Instructions
Journalize the transactions.

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