10. The following transactions were made by Sigma Company. Assume all investments are short-term and...
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10. The following transactions were made by Sigma Company. Assume all investments are short-term and are readily marketable. June 2 Purchased 300 shares of Kappa Corporation common stock for $30 per share. July 1 Purchased 200 Lambda Corporation bonds for $210,000. (annual interest rate 10%) 30 Received a cash dividend of $2 per share from Kappa Corporation. Sept. 15 Sold 90 shares of Kappa Corporation stock for $35 per share. Dec. 31 Received semiannual interest check from Lambda Corporation. 31 Received a cash dividend of $2 per share from Kappa Corporation. Journalize the transactions.
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