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Delta Investments completed the following investment transactions during 2018: A (Click the icon to view the investment transactions.) Read the requirements Requirement 1. Journalize Delta's
Delta Investments completed the following investment transactions during 2018: A (Click the icon to view the investment transactions.) Read the requirements Requirement 1. Journalize Delta's investment transactions. Explanations are not required. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required" on the first line of the Accounts and Explanation column and leave the remaining cells blank.) Begin by journalizing Delta's investment on January 5, 2018. Date Accounts and Explanation Debit Credit 2018 Jan. 5 i Requirements 1. Journalize Delta's investment transactions. Explanations are not required. 2. Prepare a partial balance sheet for Delta's Victoria investment as of December 31, 2018 3. Prepare a comprehensive income statement for Delta Investments for year ended December 31, 2018. Assume net income was $380,000. X i More Info 2018 Jan. 5 Purchased Victoria Company's $450,000 bond at face value. Delta classified the investment as available-for-sale. The Victoria bond pays interest at the annual rate of 6% on June 30 and December 31 and matures on December 31, 2021. Management's intent is to keep the bonds for several years. Received an interest payment from Victoria. Received an interest payment from Victoria. Adjusted the investment to its current market value of $447,500. Jun. Dec. 30 31 31
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