1. 1/1/16 One Company had the following investment in available for sale security

Security	cost	fair market value
A	20,000	25,000
B	30,000	29,000

4/15/16 they purchased C for $13,500

7/16/16 they sold A for 27,000

Value as of 12/31/16

Security	cost	fmv
B	30,000	32,000
C	13,500	16,500
Total	43,500	48,500

Prepare journal entry to record all transactions.

2. 1/1/16 Fleming Corporation issued 9% contract 5 year bonds at 96.209. Face value $900,000 The bonds pay interest annually on Dec 31. Effective interest rate when bonds were issued was 10%. Prepare amortization schedule.

Prepare journal entry for issuance of bonds and first year interest payment.

1. 1/1/16 One Company had the following investment in available for sale security Security cost fair market value A 20,000 25,000 B 30,000 29,000 4/15/16 they purchased C for $13,500 7/16/16 they sold A for 27,000 Value as of 12/31/16 Security B C Total cost 30,000 13,500 43,500 fmv 32,000 16,500 48,500 Prepare journal entry to record all transactions. 2. 1/1/16 Fleming Corporation issued 9% contract 5 year bonds at 96.209. Face value $900,000 The bonds pay interest annually on Dec 31. Effective interest rate when bonds were issued was 10%. Prepare amortization schedule. Prepare journal entry for issuance of bonds and first year interest payment