Chapter 15 HW Assignments ebook Show Me How Transactions for Bond (eld-to-Motury) Investments Rekyo Mart Inc. is a general merchandise retail company that began operations on January 1, 2015. The following are bond (held-to-maturty) transactions by Rieky Mattre, which has focal year ending on December 31 2015 Apr. 1. Purchased $66,000 of Smoke Bay *** 10 year bonds at their face amount plus accrued interest of 5440. The bonds par interest semiannually on February 1 and August 11 May 16 Purchased 122,000 of Geotherma Co., 12-year bonds at their face amount plus accrued interest of $305. The bonds pay interest semiannually on May 1 and November 1 Aug 1 Received semiannual interest on the Smoke Bay bonds Sept. 1 Sold 126,400 of Smoke Bay bonds at 104 plus accrued interest of Nov. 1. Received semiannual interest on the Geotherma Co, bonds Dec. 31 Accrued interest on the Smoke Blay bonds Dec. 31 Accrued interest on the Geotherma Cobonds 2016 Feb. 1 Received semiannual interest on the smokey bonde May 1 Received semiannual interest on the Geotherma co. bands Required: 1. Journals the entries to record the transaction. In a box does not require an entry leave ark. Do not round your intermediate calculation and round final answers to the nearest allar Use the nearest whole month for the interest period Description Debit Credit 2015 Next Check My Work 1 more Check My Working Save and Summer for Grading Assignment Score: 0.0% ese G Search or type URL Required 1. Journalise the eres to record the transactions. If an amount box does not protre anni, veban Do not round your intermediate calculation and round final war to the nearest daar Use the nearest whole month for rent period Date Description Debit Credit 2015 (Apr. 1. May 10 Aug. 1 Sept. 1 Nest Check My Womore Check My Work ( y Antent S. C G Search or type URL Chapter 15 HW Assignments eBook Show Me How Sept. 1. Nov. 1 Dec. 31 Smoke Bay Dec 31 Geotherma Co. 2046 Feb. 1 May 1 Check My Work 1 more Check My Work uses remaining Assignment Score: 0.0% esc G Search or type URL & 2 3 $ 4 % 5 & 7 6 Dec 31 Smoke Bay Dec 31 Geotherma Co. 2016 May 1 2. If the bond portfolio is classified as available for sale, what impact would this have on financial statement disclosure? Ir the bonds are classified as available for sale securities, then the portfolio of bonds would need to be adjusted to Account This would be recorded by using a valuation allowance sccount and Noe Check My Work more Check My Workenning Save and Suomen Assignment Score: 0.0% Search or type URL 8 9 ALOO ALGO Transactions for Bondheito Maturity camera Rekyw Mart Inc. In a general merchandise retail company that began operations on Jumiary 1, 20YS. The following are hond (mid-to-mature) transaction by Alekya Mort Inc., which has a flecal year ending on December 31 2015 Apr 1 Purchased 266,000 of Smoke By 44, 10-year bonds at their face mount plus cerved interest of 440. The bonds pay interest semiannually on February 1 and August 1, May 16 Purchased $122.000 of Geotherma Coox, 12 year bonde at their face amount plus accrued interest of $305. The bond pay interest semiannually on May 1 and November I. Aug. 1. Received semiannual interest on the Smoke ay bonds Sept. 1 Sold $26,400 of Smoke hay bands at 104 plus accrued Interest of $50 Nov. 1 Received semiannual Wrest on the Geotherma cobonds Dec 31 Accrued interest on the Smoke Bay bands. Dec. 31 Accrued interest on the Geotherma cobonds. 2016 Feb. 1 Received semiannual interest on the Smoke Bay bonds May 1 Received semiannual interest on the Geotherma cobonds Required: 1. Journal the entries to record these transactions. If an amount box does not require an entry, leave it blank. Do not round your intermediate calculations and round final answers to the nearest dollar. Use the newest whole month for the interest period Date Description Debit Credit 2015 Apr 1 Investments-Smoke Bay Blonde 66,000 Interest Receivable 440 Next 5 1/2 toms more Check My Workoming Save and an Submit Assment for Grade
