TerryCrew7-5 - 6,000 Cash 6,000 To record purchase of...

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Terry Crew ACCT 101 Problem 7.5 July 1 Investment in Bonds 10,000 Cash 10,000 To record purchase of Gallatin Bonds. June 30 Cash 6,000 Interest Revenue 6,000 To record interest income on Gallatin Bonds. Oct 23 Investment in Eagle Rock Common Stock 12,000 Cash 12,000 To record purchase of common stock for cash. Nov 21 Investment in Montana preferred stock.
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Unformatted text preview: 6,000 Cash 6,000 To record purchase of preferred stock for cash. Dec 10 Cash 1,300 Dividend Income 1,300 To record receipt of dividends on stock. Dec 28 Cash 10,000 Investments (8,000) Gain (2,000) Dec 31 Cash 6,000 Interest Revenue 6,000 To record interest income on Gallatin Bonds....
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This note was uploaded on 02/28/2011 for the course ACCT 101 taught by Professor Kepler during the Spring '10 term at Ivy Tech Community College.

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