Give the journal entries and record in the third paragraph that I should put in my T account.

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Tempest Tech Incorporated (TTI), a new-age technology company located in Mississauga, Ontario, began operations on February 1, 2011. Initially, the company raised funds through the issuance of common stock. In mid-2011, new software development was put on hold due to increasing concerns over patent protections. Thus, in June 2011, TTI sought appropriate investment vehicles for its excess cash, which would provide investment income over a set period of time. On May 16, 2011, TTI purchased 1,000, 6.5 per cent Canada government bonds at 101 plus accrued interest from the previous bondholder. These bonds, held for trading purposes, paid interest semi-annually on January 1 and July 1, and were set to mature on July 1, 2015. At fiscal year-end, the market rate was seven per cent. On March 28, 2011, TTI purchased 3,000 shares of Highland Resources Inc. (Highland), quoted in an active market for $310 per share, and paid a commission of $600 on the purchase. On April 30, 2011, with its share price at $320, Highland issued more shares as a result of a four-for-one stock split. On June 15, 2011, an $0.85 per share dividend was declared on Highland shares and was to be paid on July 15, 2011. On August 31, 2011, TTI's increased need for cash prompted the sale of 1,300 Highland shares. The market price of the shares was $76 per share, and a brokerage commission of $170 was incurred in the sale. On December 15, 2011, Highland declared a 2 per cent stock dividend, with a distribution date of January 15, 2012. At TTI's fiscal year-end, the market price of the shares had increased to $79 per share. Tempest Tech Incorporated (TTI), a new-age technology company located in Mississauga, Ontario, began operations on February 1, 2011. Initially, the company raised funds through the issuance of common stock. In mid-2011, new software development was put on hold due to increasing concerns over patent protections. Thus, in June 2011, TTI sought appropriate investment vehicles for its excess cash, which would provide investment income over a set period of time. On May 16, 2011, TTI purchased 1,000, 6.5 per cent Canada government bonds at 101 plus accrued interest from the previous bondholder. These bonds, held for trading purposes, paid interest semi-annually on January 1 and July 1, and were set to mature on July 1, 2015. At fiscal year-end, the market rate was seven per cent. On March 28, 2011, TTI purchased 3,000 shares of Highland Resources Inc. (Highland), quoted in an active market for $310 per share, and paid a commission of $600 on the purchase. On April 30, 2011, with its share price at $320, Highland issued more shares as a result of a four-for-one stock split. On June 15, 2011, an $0.85 per share dividend was declared on Highland shares and was to be paid on July 15, 2011. On August 31, 2011, TTI's increased need for cash prompted the sale of 1,300 Highland shares. The market price of the shares was $76 per share, and a brokerage commission of $170 was incurred in the sale. On December 15, 2011, Highland declared a 2 per cent stock dividend, with a distribution date of January 15, 2012. At TTI's fiscal year-end, the market price of the shares had increased to $79 per share.

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Record the transactions described in the third paragraph March 28 2011 Purchase of Highland Resource... View the full answer