excercise 1 prepare journal entries to tecord theese transactions:

excercise 2 (2 requirements at the bottom) prepare entries and prepare the adjusting entry

excercise 3 (prepare journal entries for part 1 and 2)

G H . K L M N 1 Chapter 14 D Graded Assignment 2 3 Post the Journal Entry for the initial bond sale for the examples shown. 4 5 Part 1. 6 General Journal Account & Transaction Description Date PR Debit Credit 7 Cash Flow Par Value Interest (annuity) Price of Bonds Bond Premium Table B.1 8.3 Table Value 0.6139 7.7217 Amount $90,000 5,400 3 9 Present Value $55,251 41,697 $96,918 $6,948 10 11 12 13 14 15 Part 2 16 General Journal Date Account & Transaction Description PR Debit Credit Cash Flow Par Value Interest annuity! Price of Bonds Table Table Value B.1 0.5584 B.3 7.3601 Amount $90,000 5,400 Present Value $50,256 39,744 $90,000 19 20 21 22 22 24 25 26 on the portfolio of stock investments reported? Exercise 15-10 Transactions and fair value adjustments for stock investments with insignificant influence P4 Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short- term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments July 22 Purchased 1,600 shares of Hunt Corp. at $30 per share. Sep. 5 Received a $2 cash dividend for each share of Hunt Corp. Sep. 27 Purchased 3.400 shares of HCA at $34 per share. Oct. 3 Sold 1,600 shares of Hunt $25 per share. Oct. 30 Purchased 1.200 shares of Black & Decker at $50 per share. Dec 17 Received a $3 cash dividend for each share of Black & Decker Dec. 31 Fair value of the short-term stock investments is $180,000 Check tre 4.00 mai rarinn Annuncimants propio D G H A B 1 Chapter 15 Graded Assignment Exercise 15-10 2 3 Required: Access Exercise 15-10 in the textbook and post the Journal entries as instructed. 4 5 Date Account & Transaction Description PR Debit Credit 22-Jul 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Shant JA Alexander ImageShutterstock SP 15 While reviewing the March 31, 2020, balance sheet of Business Solutions, Santana Rey notes that the business has built a large cash balance of $68,057. Its most recent bank money market statement shows that the funds are earning an annualized return of 0.75%.S. Rey decides to make several investments with the desire to earn a higher return on the idle cash balance. Accordingly, in April 2020, Business Solutions makes the following investments in trading securities. Apr. Apr. 16 Purchases Johnson & Johnson bonds for $10,000 30 Purchases Starbucks notes for $4.400. On June 30, 2020, the fair value of the Johnson & Johnson bonds is $12,000 and the Starbucks notes is $3,800. Required 1. Prepare journal entries to record the April purchases of trading securities by Business Solutions. 2. On June 30, 2020, prepare the adjusting entry to record any necessary fair value adjustment to its portfolio of trading securities. on the portfolio of stock investments reported? Exercise 15-10 Transactions and fair value adjustments for stock investments with insignificant influence P4 Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short- term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments July 22 Purchased 1,600 shares of Hunt Corp. at $30 per share. Sep. 5 Received a $2 cash dividend for each share of Hunt Corp. Sep. 27 Purchased 3.400 shares of HCA at $34 per share. Oct. 3 Sold 1,600 shares of Hunt $25 per share. Oct. 30 Purchased 1.200 shares of Black & Decker at $50 per share. Dec 17 Received a $3 cash dividend for each share of Black & Decker Dec. 31 Fair value of the short-term stock investments is $180,000 Check tre 4.00 mai rarinn Annuncimants propio JA Alexander ImageShutterstock SP 15 While reviewing the March 31, 2020, balance sheet of Business Solutions, Santana Rey notes that the business has built a large cash balance of $68,057. Its most recent bank money market statement shows that the funds are earning an annualized return of 0.75%.S. Rey decides to make several investments with the desire to earn a higher return on the idle cash balance. Accordingly, in April 2020, Business Solutions makes the following investments in trading securities. Apr. Apr. 16 Purchases Johnson & Johnson bonds for $10,000 30 Purchases Starbucks notes for $4.400. On June 30, 2020, the fair value of the Johnson & Johnson bonds is $12,000 and the Starbucks notes is $3,800. Required 1. Prepare journal entries to record the April purchases of trading securities by Business Solutions. 2. On June 30, 2020, prepare the adjusting entry to record any necessary fair value adjustment to its portfolio of trading securities. G H . K L M N 1 Chapter 14 D Graded Assignment 2 3 Post the Journal Entry for the initial bond sale for the examples shown. 4 5 Part 1. 6 General Journal Account & Transaction Description Date PR Debit Credit 7 Cash Flow Par Value Interest (annuity) Price of Bonds Bond Premium Table B.1 8.3 Table Value 0.6139 7.7217 Amount $90,000 5,400 3 9 Present Value $55,251 41,697 $96,918 $6,948 10 11 12 13 14 15 Part 2 16 General Journal Date Account & Transaction Description PR Debit Credit Cash Flow Par Value Interest annuity! Price of Bonds Table Table Value B.1 0.5584 B.3 7.3601 Amount $90,000 5,400 Present Value $50,256 39,744 $90,000 19 20 21 22 22 24 25 26