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The Following Transactions Were Made by Waite Company

Question 184

Essay

The following transactions were made by Waite Company. Assume all investments are short-term and are readily marketable.
June 2 Purchased 300 ordinary shares of Dolen Corporation for $45 per share.
July 1 Purchased 200 Oslo Corporation bonds for $220,000.
30 Received a cash dividend of $2 per share from Dolen Corporation.
Sept. 15 Sold 90 shares of Dolen Corporation for $50 per share.
Dec. 31 Received semiannual interest check for $11,000 from Oslo Corporation.
31 Received a cash dividend of $2 per share from Dolen Corporation.
Instructions
Journalize the transactions.

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