5.% ||| WE ... 4 dice Update Top-to-cultydses, and he heck for xx98400 For B D E F G H K 10 On 7/1/X1, ABC sold 12% bonds having a maturity value of $800,000 for $861,771, resulting in an effective yield of 10%. The bonds are dated 7/1/X1, and mature 7/1/X5. Interest is payable semiannually on July 1 and January 1. ABC uses the effective interest method of amortization for bond premium or discount Record the adjusting entry for the accrual of interest and the related amortization on 12/31/XI. Hint Develop an abbreviated amortization schedule to accurately determine the interest expense. 11 The following information is available for ABC Corporation at 12/31/X1 regarding its investments in stocks of other companies. Securities Cost Fair valus 2,200 shares of Toyota Corporation Common Stock $ 100,000 $ 125,000 1,100 shares of G.M. Corporation Common Stock $ 67,000 $ 34,000 $ 167,000 $ 159,000 Prepare the adjusting entry (if any) for 20x1, assuming the securities are classified as trading rowerment $200 000 of the 8% 5.rar hands of Instamation for $177824 Ang 11 TACCO insons Unated the M Needed w AGO 13 MacBook Pro 2 1 A B / U % & 7 O 0) > 8 9 5 D m B A 2 Unadjusted Trial Balance 3 December 31, 20X1 4 Debit Credit 5 6 Cash $ 945, 282 7 Short term investments 167,000 8 Fair value adjustment (Trading) 9 Accounts receivable 190,300 10 Allowance for doubtfal accounts $ 11 Inventory 12 Purchases 350,000 13 Prepaid instance 24,600 14 LT (Debt) investments (HTM) 177,824 15 Land 75,000 16 Building 150,000 17 Accumulated depreciation building 4,000 18 Equipment 60,000 19 Accumulated depreciations equipment 20,000 20 Patent 37,500 21 Accounts payable 75,240 22 Notes payable 235.000 23 Income taxes payable 63,800 24 Uncamed rent reven 36,000 25 Bonds Payable 800,000 26 Premium on Bonds Payable 61,771 27 Common Mock 86,000 28 PIC In Exco oferCommon Stock 13,000 29 Retained cumings 30 Treasury sock 49.000 31 Dividends 41,000 32 Sales Revenue 1,169.995 33 Advenising expense 8.400 34 Wasse pense 67,500 35 Office expense 21,700 36 Anastion pense 17 Depon ponse 34.000 1 Upenie 31,000 39 incepe 73.00 40 cm DO 41 $ 2557505 2.557 06 42 Instructions Unadjusted Trial Balance Adjustments N 13