Winnie Corporation was organized on January 1, 2022. It is authorized to issue 100,000
sibrtansactions occurred stock with a stated value of $4 per share. The following select equity,
debt and invest during the first year of operations. Jan. 15 Issued 30,000 shares of common stock
for cash at $7 per share. Feb. 1 Issued $1 , 000 , 000 , 10$5 , 5 -year bonds at 100 . Mar. 8
Purchased 6,000 shares of Wes Corporation common stock ( 6% interest) for $240 , 000 cash.
Apr. 15 Purchased 6,000 shares of common stock for the treasury at $42 , 000 . May 1 Purchased
100 , $1 , 0009% Jenny bonds for $100 , 000 . Interest is payable semiannually on May 1 and
November 1 . 4 Sold 4,000 shares of treasury stock for $36 , 000 . 15 Issued 10,000 shares of
common stock for cash at $10 per share. 17 Sold the remaining 2,000 shares of treasury stock for
$8 , 000 . 19 Declared a cash dividend of $2 per share to stockholders on record on May 31. Jun.
15 Paid the $2 cash dividend. Sept. 1 Purchased 40,000 shares of JW Company common stock
for $600 , 000 ( $15 per share). This represents 30% of JW's outstanding shares. Oct. 1 Sold
4,000 shares of Wes Corporation Common Stock for $168 , 000 . Nov. 1 Received the
semiannual interest on the Jenny bonds. 2 Declared a 10% stock dividend to stockholders of
record on November 15, distributable Nov. 30. On Nov. 2, the market price of the stock was $8
per share. 5 Wes Corporation declared and paid a $25 , 000 cash dividend. 28 JW Company
declared and paid a cash dividend of $50 , 000 . 30 Issued the shares for the stock dividend. Dec.
31 Wes Corporation reported net income of $150 , 000 . The market price of Wes was $38 per
share. 31 The Jenny Company Bonds had a fair value of $103 , 000 . 31 JW Company reported a
net income of $200 , 000 for the year. 31 Accrued interest expense on the bonds. 31 Accrued
interest revenue on the bonds. Instructions: Journalize the above transactions. Prepare the
adjusting entries at December 31,2022 , to report the investment securities at fair value. All
securities are considered to be short-term, except for the JW Company commn stock..
Trauma-Informed Leadership - Five Practical Principles
Winnie Corporation was organized on January 1- 2022- It is authorized.pdf
1. Winnie Corporation was organized on January 1, 2022. It is authorized to issue 100,000
sibrtansactions occurred stock with a stated value of $4 per share. The following select equity,
debt and invest during the first year of operations. Jan. 15 Issued 30,000 shares of common stock
for cash at $7 per share. Feb. 1 Issued $1 , 000 , 000 , 10$5 , 5 -year bonds at 100 . Mar. 8
Purchased 6,000 shares of Wes Corporation common stock ( 6% interest) for $240 , 000 cash.
Apr. 15 Purchased 6,000 shares of common stock for the treasury at $42 , 000 . May 1 Purchased
100 , $1 , 0009% Jenny bonds for $100 , 000 . Interest is payable semiannually on May 1 and
November 1 . 4 Sold 4,000 shares of treasury stock for $36 , 000 . 15 Issued 10,000 shares of
common stock for cash at $10 per share. 17 Sold the remaining 2,000 shares of treasury stock for
$8 , 000 . 19 Declared a cash dividend of $2 per share to stockholders on record on May 31. Jun.
15 Paid the $2 cash dividend. Sept. 1 Purchased 40,000 shares of JW Company common stock
for $600 , 000 ( $15 per share). This represents 30% of JW's outstanding shares. Oct. 1 Sold
4,000 shares of Wes Corporation Common Stock for $168 , 000 . Nov. 1 Received the
semiannual interest on the Jenny bonds. 2 Declared a 10% stock dividend to stockholders of
record on November 15, distributable Nov. 30. On Nov. 2, the market price of the stock was $8
per share. 5 Wes Corporation declared and paid a $25 , 000 cash dividend. 28 JW Company
declared and paid a cash dividend of $50 , 000 . 30 Issued the shares for the stock dividend. Dec.
31 Wes Corporation reported net income of $150 , 000 . The market price of Wes was $38 per
share. 31 The Jenny Company Bonds had a fair value of $103 , 000 . 31 JW Company reported a
net income of $200 , 000 for the year. 31 Accrued interest expense on the bonds. 31 Accrued
interest revenue on the bonds. Instructions: Journalize the above transactions. Prepare the
adjusting entries at December 31,2022 , to report the investment securities at fair value. All
securities are considered to be short-term, except for the JW Company commn stock.
