balance sheet (partial)
MEAT Crane Carecenters Inc. provides financing and capital to the healthcare Industry with particular focus on uning home for the elderly. The following selected transactions relate to bonds acquired as an investment by Crane, whose fiscal year ends on December 31. 2020 Jan, 1 Purchased at face value $2,898,000 of Javier Nursing Centers Inc 10 year, 10% bonds dated January 1, 2017, directly from Javier Dec. 31 Accrual of interest at year-end on the Javier bonds (Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned as not changed from December 31, 2000, to December 31, 2022.) 2023 Jan, 1 Receved the annual interest on the Javier bonds Jan. 1 Sold 51,449,000 Javier bonds at 108 Dec 31 Accrual of Interest at year-end on the Javier bonds (a) Your answer is partially correct. Try again Journalize the listed transactions for the years 2020 and 2023. (Record entre le the order displayed in the problem samt Credit untitles are automatically indented when amount is entered. Do not identity ruled selectory for the account ties and enter for the amounts and answers to decimal places, ed. 5,275.) Date Account Titles and Explanation Debit Credit Det Investments EL 1001 AM a 1 Search Question 11 the second to the year 2023the world De . OESTE your answer is corred. Assume that the fair value of the bonds at December 31, 2020, was $3,187,800. These bonds are classified as available for sale securities. Prepare the adjusting entry to record these bends at fair value. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the accountries and enter for the amounts Debit Credit Account Titles and Explanation Dec 31, 2020 Fair Value Adjustment Available for Sale 289300 289000 unrealed in Los Equity Click if you would like to show Work for this question: Open Show Work Tased on your analysis in part() show the balance sheet presentation of the bonds and interest receivable at December 31, 2020. Are the investments are considered long term, Indicate where any unraced gain or los is reported in the financial statements. (Enter account name only and do not provide descriptive information) Crane Crecenters Inc. Balance Sheet (Partial Quem 11 Cane Careers Inc provides financing and capital to the care industry with one of the grouwen www year ends on December 31. 1 Purchased face 0.000 of lav Nursing Centre 10 10 101 ly how Dec 31 Aral of warstwarend on the levier ( Aut interving transaction and very condand that the 2023 San. Halved the winter on the level la 11.445,000 de 100 Dec. 31 Aral forests and on the wronde dowe, () Yuran is partially correct. Try Jurnal theated one for the year 2030 1033. Heath If only is pure et entry for the account and Date Around Titles and Explanation www.codecan al my theranda de 10000 correctly gain. South listed transactions for the years 2020 2023. (ewentieth ally If no entry is required to try for the under the Jun. 1.200 Debt Investments Cash GOOGUE Din 2000 In Receivable 000 Interest revenue 210 L 303 Dash 2000 In cevable (To record the receipt of trust an verbonde Juti, 1.200 156 aamun Salo Stock Texte COOP.1 Det inte (To record the sale of Javier bonda) CORNET 01. 2013 terest Hocevable 61 like for this song Door het Your awer is correct Assume that their value of the bonds at December 31, 2030, $3.187.000. There omadly into what is remind you Dec. 31. 2020 Value Adjustment for Sale 2000 Unrele Cain or lost 200 Click if you would like to show Work for this questions Base your wait). Whether the starter ya) Crane Carecendere Tala aat (Partial) be Click if you would like to show Work for the