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8 neg eBook Pint Oeferences Following are the non-strategic Investment transactions of Corona Inc.: 2020 Tam June July Sept Purchased for $84,141 an 8.0%, 180,000
8 neg eBook Pint Oeferences Following are the non-strategic Investment transactions of Corona Inc.: 2020 Tam June July Sept Purchased for $84,141 an 8.0%, 180,000 bond that matures in 14 years from Hanna Corporation when the market interest rate was 7.4 Interest is paid semiannually beginning June 30, 2020. 30 Received interest on the Hanna bond, 1 Paid $121,839 for Trust Inc. bond with a par value of $125,000 and a nine-years term. The bond pays interest quarterly beginning September 30, 2020, at the annual rate of 7.8%; the market interest rate on the date of purchase was 8.2%. 30 Received Interest on the Trust bonda Des 31 Received Interest on the Hanna and Trust bonds. 31 The fair values of the bonds on this date equalled the fair values. Required: 1. For each of the bond investments, prepare an amortization schedule showing only 2020 and 2021. (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.) Partial Amortization Schedule-anna Bond: Period Ending Cash interest Period Interest Received Income Premium Amort Unamortized Premium Carrying Value Jan 1/20 June 3020 Dec 31/201 June 30/211 Dec 01/21 8 00 Partial Amortization Schedule-Trust Bond: 25 points Period Ending Cash Interest Period Interest Received Income Discount Amort. Unamortized Discount Carrying Value July 1/20 Skipped Sept 30/20 Dec 31/20 eBook Mar 31/21 June 30/21 Print Sept 30/21 References Dec. 31/21 00 8 25 points 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar.) View transaction list Journal entry worksheet choos P 4 5 References Record the purchase of a 14-years, 8.0 %, $80,000 bond to be held as a long- term investment. Note: Enter debits before credits. Date Jan 01, 2020 General Journal: Debit Credit 8 00 25 points cfloo Seferences 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round Intermediate calculations and round your final answers to the nearest dollar.) View transaction list Journal entry worksheet 1 3 5 Record the receipt of interest on Hanna Bond. Note: Enter debits before credits. Date Jun 30, 2020 General Journal Debit Credit 00 8 25. oints Skipped View transaction list eBook 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar.) Journal entry worksheet Print References 2 4 5 Record the purchase of a 9-years, 7.8 %, $125,000 bond to be held as a long- term investment. Note: Enter debits before credits. Date Jul 01, 2020 General Journal Debit Credit 8 00 25 points Spped eBook 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar.) View transaction list Journal entry worksheet 2 3 5 > Print References Record the receipt of interest. Note: Enter debits before credits. Date Sep 30, 2020 General Journal Debit Credit Record entry Clear entry View general journal 00 8 25 points moed BOOR PO References 2. Prepare the entries to record the transactions described above. (Enter all the amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar.) View transaction list Journal entry worksheet 4 Record the receipt of interest on the Hanna Bond and the Trust Bond. Note: Enter Gebits before credits Date Dec 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal points apped eBook Port References 3. Show how the investments would be reported on Corona's December 31, 2020, balance sheet. (Do not round intermediat calculations and round your final answer to the nearest dollar.) Corona inc Parbal Balance Sheet Decemizar 31, 2020 Assets Non-current investments
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