In January 2014, the management of Stefan Company concludes that it has sufficie

Question

In January 2014, the management of Stefan 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 Purchased 500 shares of Superior common stock for $26,000, plus brokerage fees of $530. Mar. 1 Purchased 650 shares of Pawlik common stock for $15,600, plus brokerage fees of $330. Apr. 1 Purchased 60 $1,200, 7% Venice bonds for $72,000, plus $1,200 brokerage fees. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the Superior common stock. Aug. 1 Sold 150 shares of Superior common stock at $65 per share less brokerage fees of $160. Sept. 1 Received a $1 per share cash dividend on the Pawlik common stock. Oct. 1 Received the semiannual interest on the Venice bonds. Oct. 1 Sold the Venice bonds for $72,000 less $1,200 brokerage fees. At December 31, the fair value of the Superior common stock was $54 per share. The fair value of the Pawlik common stock was $23 per share. Journalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the T-account form.)

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File Format: PDF/Adobe Acrobat MGI research combines two disciplines: economics and management. ... microeconomic underpinnings of the long-term macroeconomic trends ... has utilized this “micro-to-macro” approach in research covering more than 20 ... Martin N. Baily, a senior adviser to McKinsey and a senior fellow at ... Stephan Zimmermann. Michael Spiegel, Head of Trade Finance and cash Management corporates ... factories. some of the largest multinational companies have .... Height of the us national debt in January 1993 4,168 kilometres ..... short-term investment vehicles, making it unnecessary for treas- ..... permit Yuan (Renminbi, RMB) denominated ...

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