2.

Mile Down & Co. owns vast amounts of corporate bonds. Suppose Mile Down buys $1,200,000 of CocoCorp bonds at face value on January 2, 2018. The CocoCorp bonds pay interest at the annual rate of 5% on June 30 and December 31 and mature on December 31, 2022. Mile Down intends to hold the investment until maturity. Requirements 1. Journalize any required 2018 entries for the bond investment. 2. How much cash interest will Mile Down receive each year from CocoCorp? 3. How much interest revenue will Mile Down report during 2018 on this bond investment? Now journalize the receipt of cash interest on December 31, 2018. Date Accounts and Explanation Debit Credit L 2018 Dec. 31 Adani's 2018 financial statements reported the following itemswith 2017 figures given for comparison: 2 (Click the icon to view the reported items.) Net income for 2018 was $2,470, and interest expense was $210. Compute Adani's rate of return on total assets for 2018. (Round to the nearest percent.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2018. (Round to the nearest percent.) = Rate of return on total assets % Adani, Inc. Balance Sheet As of December 31, 2018 and 2017 2018 $ 33,530 $ 2017 29,420 Total Assets Total Liabilities Total Stockholders' Equity (all common) Total Liabilities and Stockholders' Equity 18,300 15,230 33,530 S 15,920 13,500 29,420 $