Question: Swartz Inc. enters into the following transactions during 2017: July 1: Paid $10,000 to acquire on the open market $10,000 face value of Gallatin bonds.

Swartz Inc. enters into the following transactions during 2017:

July 1: Paid $10,000 to acquire on the open market $10,000 face value of Gallatin bonds.

The bonds have a stated annual interest rate of 6% with interest paid semiannually on June 30 and December 31. The bonds mature in 5½ years.

Oct. 23: Purchased 600 shares of Eagle Rock common stock at $20 per share.

Nov. 21: Purchased 200 shares of Montana preferred stock at $30 per share.

Dec. 10: Received dividends of $1.50 per share on the Eagle Rock stock and $2.00 per share on the Montana stock.

Dec. 28: Sold 400 shares of Eagle Rock common stock at $25 per share.

Dec. 31: Received interest from the Gallatin bonds.

Required

Identify and analyze all transactions on Swartz's records to account for its investments during 2017.

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Question: Swartz Inc. enters into the following transactions during 2017: July 1: Paid $10,000 to acquire on the open market $10,000 face value of Gallatin bonds.

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Document Format (1 attachment)

1276-B-A-G-F-A(12450).docx

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