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Below are selected T-accounts for the RunnerTech Company, which reported its investments as noncurrent assets Investments (available for anle ecurities) TI 8.000 Purchase 46.000 Sale
Below are selected T-accounts for the RunnerTech Company, which reported its investments as noncurrent assets Investments (available for anle ecurities) TI 8.000 Purchase 46.000 Sale ATE 1.300 32.000 Sale Year-end AE 9 12/31 35,600 Reclassification Telised Gain Cum OCT) 300 1. 400 1.300 2 1.400 11 Sale AJE Toate NE 12/31 Interest Revenge 1/1 Kamud 12/31 3,500 Gain on Sale of Tave that 1/1 2 Machine 12/31 Required: Complete the following journal entries: (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) a. Purchased available for sale bond securities for cash b. Received interest on the bond investments c. Sold half of the portfolio when the fair value was $32,000 d. At year-end, the remaining securities in the portfolio had a fair value of $35,600 e. What would be reported on the balance sheet related to the available for sale bond investments on December 312 1. What would be reported on the income statement for the year? Complete this question by entering your answers in the tabs below. Re A to D RE Reaf Carnetthe follolante
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