help me with the journal plz. On connect I cannot see investment in revenue receive option. what Should I use for this option?
Journal entry worksheet Record the entry to adjust the securities to fair value. Note: Enter debits before credits. Journal entry worksheet (1) .99 (9) 1012131415 Record the saie of the NXS Corporation common shares for $43.3 million. Note: Enter debats before creaits. Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2024 and the first month of 2025. The only securities held by Amalgamated at October 1, 2024 were $30 million of 10% bonds of Kansas Abstractors, Incorporated purchased on May 1, 2024 at face value and held in Amalgamated's trading securities portfolio. The company's fiscal year ends on December 31 . Oetober 18, 2024 purchased 2 mililion shares of Milivork Ventures Company conhen stock for $58 nililos. Millwork has a total of 30 milition shares issued. october 31,2024 Received seniannual interest of $1.5 million from the Kansas Abstractori bonds. November 1, 2024 Purchased 10s bond of Holistic Entertainsent Enterprises at their $18 niliion face value, to be held until they nature in 2034 . Senianual interest is payable April 30 and ootober 31. November 1, 2024 Sold the Kansas Abntractorn bonds for $28 mililion becaule rising interest rates are expected to caue their fair value to continue to fall. No unrealized gains and lousen had been recorded on these bands previously. December 1, 2024 purchased 12t bonds of Household plastics Corporation at their $60million face value, th be held until they nature in 2034 . Semiannual interest in payable May 31 and Novenber 30. December 20, 2024 Purchased 0.5 . Treasury bonds for $5.6 million as trading securities, boping to earn profitil on short-term differences in prices. December 21, 2024 Purchased 4 million shares of kxs corporation's 50 nililion abares of conmon stock for $44 aillion, planning to hold these shares until market conditions encourage their sale. December 23,2024 Sold the Treasury bonds for $5.7 milition. December 31, 2024 Recorded any necessary adjusting entries relating to the investments. The market price of che Millwork Ventures Company common stoek was $27.50 per share and $11.50 per share for the sxs corporation ecenoo stoek. The fair values of the bond investnents were $58.7 million for Household plastica Corporation and $16,7 milition for lolistic Entertainment Enterprises. January 7, 2025 Sold the NXS Corporation eomen stock shares for $43.3 milion. Required: Prepare the appropriate journal entry for each transaction or event. Use one summary entry on December 31 to adjust the portiolio of equity investments to fair value. Note: 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 1 decimal place, (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Record the entry to adjust to fair value the investment in NXS Corporation common shares on the date of sale. Note: Enter debits before credits. Journal entry worksheet (1) 96 13 14 Record the accrued interest for Holistic Entertainment bonds. Note: Enter debits before credits. Journal entry worksheet Record the accrued interest for Household Plastics bonds. Note: Enter debits before credits