Question

The following transactions were made by Rivers Company. Assume all investments are short-term and are readily marketable, i.t., trading securites.

June 2 – Purchased 400 shares of Snoop Corporation common stock for $45 per share.

July 1 – Purchased 200 Barr Corporation bonds for $228,000.

July 30 – Received a cash dividend of $1.50 per share from Snoop Corporation.

Sept. 15 – Sold 120 shares of Snoop Corporation stock for $50 per share.

Dec. 31 Received semiannual interest check for $11,400 from Barr Corporation.

Dec 31 – Received a cash dividend of $2 per share from Snoop Corporation.

INSTRUCTIONS::

Journalize the transactions.