The Following Transactions Were Made by Weiss Inc

question 25

Essay

The following transactions were made by Weiss Inc., a public company. Assume all investments are trading investments.
Jun 2 Purchased 200 Avery Corporation common shares for $45 per share.
Jul 1 Purchased 200 Lewis Corporation bonds for $220,000.
30 Received a cash dividend of $2 per share from Avery Corporation.
Sep 15 Sold 60 shares of Avery Corporation for $50 per share.
Dec 31 Received semi-annual interest cheque for $11,000 from Lewis Corporation.
31 Received a cash dividend of $2 per share from Avery Corporation.
31 The shares of Avery Corporation are worth $60 each on this date. The Bonds are worth $237,000.
Instructions
Journalize the transactions and required adjusting journal entries at December 31, the company's fiscal year end.

---

Definitions:

Bored

A state of feeling disinterested, restless, or unengaged due to a lack of stimulation or interest in the current activity or surroundings.

Habituated

The process by which an individual becomes accustomed to a stimulus or environment over time, leading to a decrease in responsiveness.

Yerkes-Dodson Law

A psychological principle that asserts there is an optimal level of arousal for the best performance of a task: too little arousal can lead to underperformance, while too much can lead to mistakes.

Simple Tasks

Activities or tasks that require a minimal amount of cognitive or physical effort to complete.