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Journal entry of short-term investment

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The following transactions were made by Waite Company. Assume all investments are short-term and are readily marketable.

June 2 Purchased 400 shares of Dolen Corporation common stock 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 120 shares of Dolen Corporation stock 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

Journalize the transactions.

Reference no: EM1357014

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