Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division, From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2021 and the first month of 2022. The only securities held by Amalgamated at October 1, 2021 were $30 million of 10% bonds of Kansas Abstractors, Inc, purchased on May 1, 2021 at face value and held in Amalgamated's trading securities portfolio. The company's fiscal year ends on December 31, 2021 Oct. 1 Purchased a million shares of millwork Venture Company common stock for 150 million. Millwork has a total of 30 million shares luxueda 31 Received semiannual interest of $1.5 milion from the Kansas Abstractors bonde. Norv. 1 Purchased 10 bonde of Hollatie Intertainment Enterprises at their $10 million face value, to be held until they natore in 2031. Seniannual interest is payable April 30 and October 31. 1 sold the Kansas Ahotractor honda for $28 million because rining interest rates are expected to cause their fair valor to continue to fall. Monrealized gains and lossen had been recorded on these bonds previously. 1 Purchased 124 bonde of Household Plasttes Corporation at their $60 million face value to be held until they mature in 2011. semiannual interest is payable May 31 and November 30. 20 Purchased 0.8. Treasury honda for $5.6 million as trading securities, hoping to earn profite on short-term differences in prices. 21 Purchased 4 million shares of wx Corporation' 50 million shares of common stock for $44 million, planning to hold these shares until market condition ancourage their sale. 23 sold the Tremury bonds for $5.7 million. 29 Received cash dividende of $) million from the Millverk Ventures Company whares of common stock. 31 Recorded any necessary adjusting entries relating to the investments. The market price of the killwork Ventures Company common stock was $27.50 per share and $11.50 per share for the Nxs Corporation common stock. The fait values of the band investments were $58.7 million for Household Plastic Corporation and $16.7 million for Holistie Entertainment Enterprises 2022 Jan. 7 Gold the X Corporation common stock shares for 54) million Required: Prepare the appropriate journal entry for each transaction or event. Use one summary entry on December 31 to adjust the portfolio of equity Investments to fair value. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place, (.e., 5,500,000 should be entered as 5.5).) View transaction et View journal entry worksheet Answer is not complete. No Date General Journal Debit Credit 1 Oct 18, 2021 No journal entry required 2 Oct 31, 2021 58.0 Cash Interest revenue 58.0 3 Nov 01, 2021 Cash 1.5 Interest revenue 1.5 4 Nov 01, 2021 18.0 Investment in bonds Cash X 18.0 5 Nov 01, 2021 28.0 Cash Loss on investment (NI) Investment in bonds 2.0 30.0 6 Dec 01, 2021 28.0 Cash Investment in bonds Investment in bonds 30.0 2.0 7 Dec 20, 2021 Investment in bonds Cash 60.0 60.0 8 Dec 21, 2021 Investment in bonds 3 5.6 7 Dec 20, 2021 Investment in bonds Cash 60.0 60.0 X 8 Dec 21, 2021 Investment in bonds Cash 5.6 5.6 9 Dec 23, 2021 S 9 Investment in equity securities Cash 44.0 44.0 10 Dec 23, 2021 Cash Gain on investment (NI) 0 5.7 1.0 X 5.6 11 Dec 29, 2021 Cash Loss on investment (NI) Gain on investment (NI) 57.0 5.6 100.0 12 Dec 31, 2021 Cash Interest revenue 3,000,000 3,000,000 13 Dec 31, 2021 Interest receivable Interest revenue 300,000.0 300,000.0 14 Dec 31, 2021 Interest receivable Interest revenue 600,000.0 600,000.0 Droir VE 10 Dec 23, 2021 Cash Gain on investment (NI) 5.7 1.0 5.6 11 Dec 29, 2021 Cash Loss on investment (NI) Gain on investment (NI) 57.0 5.6 100.0 12 Dec 31, 2021 Cash Interest revenue 3,000,000.23 3,000,000 13 Dec 31, 2021 Interest receivable Interest revenue 300,000.0 300,000.0 % 14 Dec 31, 2021 Interest receivable Interest revenue 600,000.0 % 600,000.0 15 Jan 07, 2022 Gain on investment (ND) Fair value adjustment 3,000,000 3,000,000 16 Jan 07, 2022 No journal entry required