2017
Jan.	1		Purchased for $406,894 a 6%, $400,000 Jarvis Corp. bond that matures in five years when the market interest rate was 5.6%. Interest is paid semiannually beginning June 30, 2017. Georges Inc. plans to hold this investment until maturity.
Mar.	1		Bought 6,000 shares of Medley Corp., paying $32.50 per share.
May	7		Received dividends of $0.90 per share on the Medley Corp. shares.
June	1		Paid $316,000 for 21,000 shares of Zhang common shares.
June	30		Received interest on the Jarvis bond.
Aug.	1		Sold the Medley Corp. shares for $32.75 per share.
Dec.	31		Received interest on the Jarvis bond.
Dec.	31		The fair value of the Zhang shares on this date was $14.80 per share. Assume the fair value of the bonds equalled the carrying value.
2018
Jan.	14		Sold the Zhang shares for $14.60.

Required:
1. Prepare an amortization schedule for the Jarvis bond showing only 2017 and 2018. (Enter all the amounts as positive values. Do not round intermediate calculation. Round your final answers to the nearest whole dollar amount.)



2. Prepare the entries to record the transactions described above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)



3. Show how the investments would be reported on Georges December 31, 2017, balance sheet. (Do not round intermediate calculation. Round your final answers to the nearest whole dollar amount.)

References

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