Sanajevah Corp

question 13

Essay

Sanajevah Corp. had the following transactions pertaining to its trading investments:
Jan 1 Purchased 900 Punji Inc. shares for $9,450.
Jun 1 Received cash dividends of $0.50 per share on Punji shares.
Sep 15 Sold 400 Punji shares for $4,300.
Dec 1 Received cash dividends of $0.50 per share on Punji shares.
On December 31, the shares of Punji Inc. were trading for $10 each.
Instructions
a. Journalize the transactions.
b. Indicate the income statement and/or comprehensive income effects of the transactions.

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Definitions:

Excitement Stage

A phase of the human sexual response cycle characterized by increased arousal and physical changes, such as erection and lubrication.

Refractory Period

A period immediately following the stimulation during which a nerve or muscle is unresponsive to further stimulation.

Excitement Phase

The initial stage in the human sexual response cycle characterized by physical and emotional sensations of arousal, such as increased heart rate and muscle tension.

Orgasm Phase

A phase in sexual response characterized by intense pleasure, increased heart rate, and typically, in men, ejaculation, and in women, vaginal contractions.