Accounting Problem Instructions Please fill out the missing parts of the journal entries in Question 10 png below (both accounts and dollar figures) Refer to Information to assist you and use the List of Accounts below for the journal entries Information MontyLtd is a Canadian publicly traded business with a December 31 fiscal year end In order to get a better return on some of its excess cash,Montypurchased200common shares of AFS Corporation on July 1, 2020 at a price of $5per share On the day of acquisition,Montyelected to account for the investment using the fair value through other comprehensive income (FV OCI) without recycling On August 1, 2020, AFS declared dividends of $1 share, and paid those dividends on August 20, 2020 On December 31, 2020, shares in AFS were trading at $7per share On September 15, 2021,Montysold the shares in AFS for $8per share List of Accounts Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost Cash Dividend Receivable Dividend Revenue FV NI Investments FV OCI Investments Gain on Sale of Investments GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associate Investment Income or Loss Loss on Discontinued Operations Loss on Impairment Loss on Sale of Investments No Entry Note Investment at Amortized Cost Other Investments Recovery of Loss from Impairment Retained Earnings Unrealized Gain or Loss OCI Prepare the journal entries required to record the above transactions on the books of Monty Ltd (Credit account titles are automatically indented when amount is entered Do not indent manually Record journal entries in the order presented in the problem If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Date Account Titles and Explanation Debit Credit 020 1000 Cash 1000 ,2020 Dividend Receivable 200 200 10 2020 Cash 200 Dividend Receivable 200 er 31, 2020 400 Unrealized Gain or Loss OCI 400 er 15 2021 Unrealized Gain or Loss OCI (To adjust to fair value on date of disposition) Cash 1600 (To record disposal)

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Accounting Problem Instructions: Please fill out the missing parts of the journal entries in Question 10.png below (both accounts and dollar figures) Refer to Information

Accounting Problem

Instructions: Please fill out the missing parts of the journal entries in Question 10.png below (both accounts and dollar figures) Refer to Information to assist you and use the List of Accounts below for the journal entries.

Information: MontyLtd. is a Canadian publicly-traded business with a December 31 fiscal year end. In order to get a better return on some of its excess cash,Montypurchased200common shares of AFS Corporation on July 1, 2020 at a price of $5per share. On the day of acquisition,Montyelected to account for the investment using the fair-value through other comprehensive income (FV-OCI) without recycling. On August 1, 2020, AFS declared dividends of $1/share, and paid those dividends on August 20, 2020. On December 31, 2020, shares in AFS were trading at $7per share. On September 15, 2021,Montysold the shares in AFS for $8per share.

List of Accounts

Accumulated Other Comprehensive Income
Allowance for Investment Impairment
Bond Investment at Amortized Cost
Cash
Dividend Receivable
Dividend Revenue
FV-NI Investments
FV-OCI Investments
Gain on Sale of Investments
GST Receivable
Interest Expense
Interest Income
Interest Payable
Interest Receivable
Investment in Associate
Investment Income or Loss
Loss on Discontinued Operations
Loss on Impairment
Loss on Sale of Investments
No Entry
Note Investment at Amortized Cost
Other Investments
Recovery of Loss from Impairment
Retained Earnings
Unrealized Gain or Loss - OCI

Prepare the journal entries required to record the above transactions on the books of Monty Ltd. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 020 1000 Cash 1000 ,2020 Dividend Receivable 200 200 10. 2020 Cash 200 Dividend Receivable 200 er 31, 2020 400 Unrealized Gain or Loss - OCI 400 er 15. 2021 Unrealized Gain or Loss - OCI (To adjust to fair value on date of disposition) Cash 1600 (To record disposal)