Fuzzy Monkey Technologies, Inc, purchased as a long-term investment $130 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $115 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $120 million Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021, balance sheet? 4-b. Prepare the entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Req 1 to 3 Reg 4 Reg 4 Req5 Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (ie, 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet 1 Record Fuzzy Monkey's investment on bonds on January 1, 2021. Note: Enter debts before credits General Journal Debit Credit Date January 01, 2021 338.00 Investment in bonds Cash 338.00 Record entry Clear entry View general Journal Reg4A) Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $130 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $115 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $120 million Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate) 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021, balance sheet? 4-6. Prepare the entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? Of more than one approach is possible, indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Reg 1 to 3 Req 4A Reg 48 Reg 5 Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (l.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet > Record the interest revenue on June 30, 2021. Note: Enter Gebits before credits Cena: Date General Journal June 30, 2021 Cash Premium on bond investment Dobit 20.00 20.00 Record entry Clear entry View general journal Roq4A) Fuzzy Monkey Technologies, Inc. purchased as a long-term Investment $130 million of 8% bonds, dated January 1, on January 1, 2021 Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $115 million. Interest is received semiannually on June 30 and December 31, Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $120 million Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021, balance sheet? 4-b. Prepare the entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely.) Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Reg 45 Reg 5 Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations. Enter your answers in millions rounded to 2 decimal places, (.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet Fuzzy Monkey Technologies, Inc., purchased as a long term investment $130 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to have the investment available for sale when circumstances warrant For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $115 million. Interest is received semiannually on June 30 and December 31 Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $120 million Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate) 4-o. At what amount will Fuzzy Monkey report its Investment in the December 31, 2021, balance sheet? 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment of more than one approach is possible, indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Reg 48 Reg 5 At what amount will Furry Monkey report its investment in the December 31, 2021, balance sheet? (Do not round intermediate calculations. Enter your answer in millions (.e., 10,000,000 should be entered as 10).) milion Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $130 million of 8% bonds, dated Jar Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $115 million. Interest is received semiannually on June 30 and December 31 Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $120 million Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2021, balance sheet? 4-b. Prepare the entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? Of more than one approach is possible. indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Reg 48 Reqs Prepare the entry necessary to achieve this reporting objective. (If no entry is required for a transaction/event, select "No journal entry recured in the first account field. Do not round Intermediate calculations. Enter your answers in millions rounded to 2 decimal places, Cie., 5,500,000 should be entered as 5.50).) View transaction lit Journal entry worksheet Record any necessary entry to report the investment at the correct value on the balance sheet Net Enter debits before credits General Journal Debit Credit Date December 31 2021 Racord entry Clear entry View general journal Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $130 million of 8% bonds, dated January 1, on January 1, 2021 Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $115 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $120 million Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount wil Fuzzy Monkey report its investment in the December 31, 2021, balance sheet? 4-6. Prepare the entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkeys 2021 statement of cash flows be affected by this investment? (if more than one approach is possible, Indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Reg 1 to 3 Reg 4 Rec 48 Regs How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment? (If more than one approach is possible, indicate the one that is most likely.) (Do not round intermediate calculations. Enter all amounts as positive values Enter your answers in millions rounded to 1 decimal place, (.e., 5,500,000 should be entered as 5,5).) Operating cash flow Investing cash flow million million