Week 3 - Chapter 16b) - / 12.5 Question 7 of 8 E View Policies Current Attempt in Progress In January 2020, the management of Crane Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year the following transactions occurred, Feb 1 Mar 1 Apr 1 July 1 Aug 1 Set 1 Oct 1 Oct 1 Purchased 500 shares of Muninger common stock for $27500 Purchased 700 shares of Tatman common stock for $17.500 Purchased 5051.300,7% Yoakem bonds for $65.000. Interest is payable semiannually on April 1 and October 1 Received a caith dividend of $0.50 per share on the Muninger common stock Sold 167shares of Muninger common stock it $65 per share Received a $2 per share canhdvidend on the Tatman common stock Received the semiannual interest on the Yoakem bords, Sold the Yoakem bonds for $64,000 At December 31, the fair value of the Munir common stock was $5 per share. The tale value of the Tatran common stock was $24 per share - Chapter 16(b) E > Question 7 of 8 - / 12.5 Soutralize the transactions and post to the accounts Debt Irwestments and Stock Investments. Use the T-account form) (Record journal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit here seach EP 19 - Chapter 16(b) - / 12.5 Question 7 of 8 (To record the receipt of semiannual interest on Yoakem bonds) Oct 1 (To record the sale of Yoakem bonds) Stock Investments Debt Investments Week 3 - Chapter 16b) - / 12.5 Question 7 of 8 E View Policies Current Attempt in Progress In January 2020, the management of Crane Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year the following transactions occurred, Feb 1 Mar 1 Apr 1 July 1 Aug 1 Set 1 Oct 1 Oct 1 Purchased 500 shares of Muninger common stock for $27500 Purchased 700 shares of Tatman common stock for $17.500 Purchased 5051.300,7% Yoakem bonds for $65.000. Interest is payable semiannually on April 1 and October 1 Received a caith dividend of $0.50 per share on the Muninger common stock Sold 167shares of Muninger common stock it $65 per share Received a $2 per share canhdvidend on the Tatman common stock Received the semiannual interest on the Yoakem bords, Sold the Yoakem bonds for $64,000 At December 31, the fair value of the Munir common stock was $5 per share. The tale value of the Tatran common stock was $24 per share - Chapter 16(b) E > Question 7 of 8 - / 12.5 Soutralize the transactions and post to the accounts Debt Irwestments and Stock Investments. Use the T-account form) (Record journal entries in the order presented in the problem. Credit account tities are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit here seach EP 19 - Chapter 16(b) - / 12.5 Question 7 of 8 (To record the receipt of semiannual interest on Yoakem bonds) Oct 1 (To record the sale of Yoakem bonds) Stock Investments Debt Investments