Assignments Review the following long-term, equity security transactions of Reynold Department Stores: Click the icon to view the transactions.) Do Homework Take a Quiz Test Requirement 1. Joumalize the long-term, equity security transactions of Reynold Department Stores a. Purchased 520 shares of Galos Fine Foods common stock at $31 per share (less than 5% of Gates's outstanding stock), with the intent of holding the stock for the indefinite future. (Record debits first, then credits Exclude explanations from any journal entries Journal Entry Accounts Debit Credit Choose from any list or enter any number in the 3 parts Clear All Check Answer tomining Type here to search OR! SE 1 . 9 Op back Gurami". mework: Appendix E Graded Homework - 0 of 3 pts 1 of 6 (3 complete) HV 8A (similar to) w the following long-term, equity security transactions of Reynold Department Stores: Click the icon to view the transactions.) irement amalize the long-term, equity sed i More Info chased 520 shares of Gates Fid mite future. (Record debits first, a. Purchased 520 shares of Gates Fine Foods common stock at $31 per share (less than 5% of Gates's outstanding stock), with the intent of holding the stock for the indefinite future. b. Received a cash dividend of $1.90 per share on the Gates investment. C. At year-end, adjusted the investment account to fair value of $39 per share. d. Sold the Gates stock for $24 per share. Print Done ose from any list or enter any number in the input fields and then click Check Answer arts emaining Clear All Assignments Review the following long-term, equity security transactions of Reynold Department Stores: Click the icon to view the transactions.) Do Homework Take a Quiz/Test Requirement 1. Joumalize the long-term, equity security transactions of Reynold Department Stores a. Purchased 520 shares of Gates Fine Foods common stock at $31 per share (less than 5% of Gates's outstanding stock), with the intent of holding the stock for the indefinite future. (Record debts fest, then crons Exclude explanations from any ouma entries) Journal Entry Accounts Debit Credit Choose from any to enter any number in the Check Answer 3 remaining Type here to search up baca Lolling HKL NEXT QUESTION Assignments Glimmer Pools purchased $50,000 of 7% AKL bonds on January 1, 2018, at a price of 1042 when the market rate of interest was 6% Glimmer intends to hold the bonds until the maturity date of January 1, 2023. The bonds pay interest semiannually on each January 1 and July 1. Calculate the amount of premium amortization using the straight-line amortization method) on July 1, 2016, and record the related journal entries. What is the total interest revenue for the first six months of 2018? Do Homework Take a Qulu/Test Calculate the amount of premium amortization (using the straight-ine amortization method) on July 1, 2018, and record the related journal entries First, record the entry for the interest receivable at July 1, 2018. (Record debits first, then credits Exclude explanations from any journal entries) Journal Entry Accounts Choose from any it or enterary number in the input holds and once Check Answer Type here to search * *? * **** NEXT QUESTION Main Meria SE-16 (book/static) Question Help Assements Glume intends to hold me bonds Git Pools purchased 50,000 of 7% AKL bonds on January 1, 2018 at a price of 1042 when the market rate of interest was O until the date of January 1, 2023. The bonds pay forest manual on each Juary 1 and Al 1 Do Homework Read the requirements Mathewsting on the Excudebatons from you Pools would need to make on December 31, 2010. led to the investment in Albond Record debe first things Tword her other December 31, 2018 Secream 3 and Type here to search OALS e o of 7% AKL bonds on January 1, 2018, at a price of 104.2 when the market rate of interest w ,2023. The bonds pay interest semiannually on each January 1 and July 1. i Requirements na st Make the adjusting entries that Glimmer Pools would need to make on December 31, 2018, related to the investment in AKL bonds. How would the bonds be reported on Glimmer Pools' balance sheet as of December 31, 2018? What amount of interest revenue related to the AKL bonds would be reported on Glimmer Pools' income statement for the year ended December 31, 2018? Print Done y number in the input fields and then click Check Answer. Clear All NEXT QUESTION Assignments Do Homework Answer these questions about consolidation accounting: 1. Define parent company. Define subsidiary company. 2. How do consolidated financial statements differ from the financial statements of a single company? 3. Which company's name appears on the consolidated financial statements? How much of the subsidiary's shares must the parent own before using consolidated statements? Take a Quiz/Test 1. Define parent company. Define subsidiary company. A parent company is a corporation that owns more than a 50% interest in another company. A subsidiary company is a company that is controlled by another corporation 2. How do consolidated financial statements differ from the financial statements of a single company? the balance sheets, income statements, and other statements of a parent company those of its Consolidated financial statements subsidiaries Click to select your answer(s) and then click Check Answer 3 parts Check Answer Clear omnie Type here to search 14 space