CHAPTER 15 Accounting for Debt and Share Investments Exercise 15-2 Non-strategic investments 103 CHECK FIGURE: Dec. 31, 2017 Investment loss $35,150 entries to record the following non-strategic investment transactions of Wiki Garden Tool Inc. each bond acquired is purchased with the intention to actively trade. Prepare Assume 2017 1 Paid $120,000, plus $200 in transaction fees to purchase a $124.000 four year, 3% bond payable of Capital Inc. dated Feb. 1. Interest is paid semiannually beginning August 1. Feb. 29 Mar. 7 May issued and outstanding. The date of record is May 30. payable June 15. 1 June 15 Bought 100,000 common shares of Regina Inc. for a total of $85,600, plus paid an extra $500 for transaction fees. the total 3,500,000 shares paid $139,000 including $500 in transaction fees to purchase a five-year, 6%. $136.000 bond payable of Yates Corporation. Interest is paid annually each May 30. Received a cheque regarding the dividends declared on May 7. Received a cheque from Capital Inc. regarding semiannual interest. Sold the Capital Inc. bond at 98. Purchased 75,000 Tech Inc. common shares at $6.00 plus $400 in transaction fees. Sold 75,000 of the Regina Inc. shares at $0.95 and incurred $250 in transaction fees. Accrued interest on the Yates bond. Fair values of the equity securities on this date were Regina. $0.45: Tech Inc., $5.50. Assume that the carrying value of the Yates bond was equal to its fair value. 1 Aug. 1 17 1 Dec. 31 2018 Received a cheque from Yates Corporation regarding annual interest. 30 May Analysis Component: How would the financial statements have been affected differently if the dividende received on June 15 were from a significant influence investment or investment in associate as oppose to a non-strategic investment