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Chekov Corp. had the following transactions related to short-term investments during 2021: 1. Purchased 4,000 shares of Enterprise Corp. preferred stock fo $29.60 per share

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Chekov Corp. had the following transactions related to short-term investments during 2021: 1. Purchased 4,000 shares of Enterprise Corp. preferred stock fo $29.60 per share cash plus $ 1,600 of broker's fees. 2. Purchased a $90,000, 8%, 15-year bond of Federation Corporation for $92,000 cash. Interest is paid semi-annually. 3. Received a $0.60 per share cash dividend on the Enterprise Corp. preferred stock. 4. Sold 2,200 shares of the Enterprise Corp. preferred stock for $28.80 per share cash less $900 broker's fees. s. Received a semi-annual cash interest payment from Federation Corporation. Part A: Give the general journal entries required to record the short-term investment transactions. GENERAL JOURNAL Date Account Titles DR CR . = Workpaper #4 + Part 8 Post your entries from Part A to the accounts below. CASH MARKETABLE SECURITIES ADJUSTMENT TO MARKET 1 REALIZED LOSS/GAIN ON SALE OF MS DIVIDEND REVENUE UNREALIZED LOSS/GAIN ON VALUATION OF MES 14 35 36 17 INTEREST REVENUE UNREALIZED LOSS/GAIN ON VALUATION OF MDS 39 40 41 Parts Cand D Prepare the required adjusting entry on December 31, 2021. Then post the entry to the T-accounts above. GENERAL JOURNAL Date Account Titles DR CR 1 5 6 7 8 Part E: Indicate the names and the balances of the accounts to be reported on the 2021 financial statements, assuming the bond investment was purchased as a trading security Income Statement: Balance Sheet: 9 50 51 Part F: Indicate the names and the balances of the accounts to be reported on the 2021 financial statements, assuming the bond investment was purchased as an available for sale security. Income Statement: Balance Sheet

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