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2. Prepare journal entries to record the preceding transactions. (Round your intermediate and final answers to the nearest whole dollar amount. Use 365 days in

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 2. Prepare journal entries to record the preceding transactions. (Round your intermediate and final answers to the nearest whole dollar amount. Use 365 days in a year.) 6 Record the collection of term deposit and interest earned. 2. Prepare journal entries to record the preceding transactions. (Round your intermediate and final answers to the nearest whole dollar amount. Use 365 days in a year.) 1 Record the purchase of 6.5% term deposit as short-term investment. 2 Record the purchase of short-term investment. 3 Record the purchase of short-term investment. 4 Record the purchase of short-term investment. 5 Record the purchase of a 8.5%, 8-year bond. 6 Record the collection of term deposit and interest earned. 7 Record the collection of dividend income. Note: = journal entry has been entered 13 Credit 1 Credit 3. Show how Live Large Inc.'s investments will appear on its December 31,2023 , balance sheet (Round your intermediate and fina answers to the nearest whole dollar amount.) Live Large Inc. had the following transactions involving non-strategic investments during 2023. 2023 Apr. 1 Paid $118,050 to buy a 90-day term deposit, $118,000 principal amount, 6.53, dated Apri11. There was a $50 transaction fee included in the above-noted payment amount. 12 Purchased 4,800 common shares of Blue Balloon Ltd. at $22.25. There was a $50 transaction fee included in the above-noted paynent anount. June 9 Purchased 3,600 common shares of Purple Car Corp. at $51.00. There was a $50 transaction fee included in the above-noted paynent anount. 20 Purchased 1,600 common shares of Yellow Tech Ltd. at $15.75. There was a $50 transaction fee included in the above-noted paynent anount. July 1 Purchased for $85,912 a 8.58 , \$83,000 space Explore Ine. bond that matures in eight years when the market interest rate was 7.98 . There was a $50 transaction fee included in the above-noted paynent anount. Interest is paid semiannualy beginning Decenber 31, 2023. Live Large Ine. plans to hold this investment until maturity. 3 Received a cheque for the principal and accrued interest on the term deposit that matured on June 30. 15 Received a $0.95 per share cash dividend on the Blue Balloon Ltd. common shares. 28 Sold 2,400 of the Blue Balloon Ltd. common shares at $26.00. Sept. 1 Received a $2.90 per share cash dividend on the Purple Car Corp. comnon sharea. Dec. 15 Received a $1.35 per share cash dividend on the remaining Blue Balloon Ltd. conmon shares owned. 31 Received the interest on the space Explore Ine. bond. 31 The fair values of Live Large Inc.'s investments on this date were Blue Balloon shares, \$26.40; Purple Car Corp. shares, \$44.15; Yellow Tech shares, \$20.55. Assume the fair value and the carrying value of the Space Explore bond were equal. 2024 Feb. 16 Sold the remaining Blue Balloon shares at $26.50. Required: 1. Prepare an amortization schedule for the Space Explore bond showing only 2023 and 2024. (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values. Use 365 days in a year.)

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