Bentz Corporation bought and sold several securities during 2024. Listed below is a summary of the...

 

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Bentz Corporation bought and sold several securities during 2024. Listed below is a summary of the transactions: February 17 Purchased $110,000 of U.S. Treasury 5% bonds at par plus accrued interest of $1,800. The security is to be held for short-term profits. April 10 Purchased 580 shares of Gauges Incorporated common stock at $148 per share. This security will be held for an unspecified period of time. August 8 Sold 180 shares of Gauges Incorporated for $158 per share. October 5 Sold half of the U.S. Treasury bonds for $55,400 plus accrued interest of $380. Required: Prepare the journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Bentz Corporation bought and sold several securities during 2024. Listed below is a summary of the transactions: February 17 Purchased $110,000 of U.S. Treasury 5% bonds at par plus accrued interest of $1,800. The security is to be held for short-term profits. April 10 Purchased 580 shares of Gauges Incorporated common stock at $148 per share. This security will be held for an unspecified period of time. August 8 Sold 180 shares of Gauges Incorporated for $158 per share. October 5 Sold half of the U.S. Treasury bonds for $55,400 plus accrued interest of $380. Required: Prepare the journal entries for the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

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Answer Bentz Corporation Journal Entries 2024 Here are the journal entries for Bentz Corporations se... View the full answer