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.

---

Definitions:

Cleavages

The series of cell divisions that occur immediately after fertilization, leading to the formation of a multicellular embryo.

Fertilization

The process by which male and female gametes unite to form a zygote, initiating the development of a new organism.

Oviduct

The tube through which an ovum or egg passes from an ovary, also known as the fallopian tube in humans.

Oral Contraceptive Pills

Medications taken by mouth for the purpose of preventing pregnancy, which typically contain hormones that inhibit ovulation.