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b. Dispoon actions during 2018, 5-11 Accounting for debt investments Peyton Investments completed the following investment transactions de he Vedder bond pays 2018 or company's
b. Dispoon actions during 2018, 5-11 Accounting for debt investments Peyton Investments completed the following investment transactions de he Vedder bond pays 2018 or company's $400,000 bond at face value. Pevt classified the investment as available-for-sale. The Vedder bo interest at the annual rate of 4% on June 30 and December 31 matures on December 31, 2021. Management's intent is to keep thi bonds for several years. Jun. 30 Received an interest payment from Vedder. Dec. 31 Received an interest payment from Vedder. 31 Adjusted the investment to its current market value of $396,000. Requirements 1. Journalize Peyto coalize Peyton's investment transactions. Explanations are not required. pare a partial balance sheet for Peyton's Vedder investment as of December 31, 2018, pare a comprehensive income statement for Peyton Investments for year ended December 31, 2018. Assume net income was $200,000. Learning
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