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Coronado Corporation purchased trading investment bonds for $ 4 5 , 0 0 0 at par. At December 3 1 , Coronado received annual interest
Coronado Corporation purchased trading investment bonds for $ at par. At December Coronado received annual interest of $ and the fair value of the bonds was $
Prepare Coronado' journal entries for a the purchase of the investment, b the interest received, and c the fair value adjustment. Assume a zero balance in the Fair Value Adjustment account.List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
No Account Titles and Explanation
Debit
Credit
a
b
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