Help with balance sheet part C

Problem 16-01A a-c (Part Level Submission) (Video) Oriole Carecenters Inc. provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Oriole, whose fiscal year ends on December 31. 2020 Jan. 1 Dec. 31 Purchased at face value $2,230,000 of Javier Nursing Centers, Inc., 10-year, 5% bonds dated January 1, 2017, directly from Javier. Accrual of interest at year-end on the Javier bonds. (Assume that all intervening transactions and adjustments have been properly recorded and that the number of bonds owned has not changed from December 31, 2020, to December 31, 2022.) 2023 Jan. 1 Jan. 1 Received the annual interest on the Javier bonds. Sold $1,115,000 Javier bonds at 107. Accrual interest at year-end on the Javier bonds. Dec. 31 (a) Your answer is partially correct. Try again. Journalize the listed transactions for the years 2020 and 2023. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no en is required, select "No entry" for the account titles and enter o for the amounts. Round answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 - TDebt Investments 2,230,000 Cash 2,230,000 Journalize the listed transactions for the years 2020 and 2023. (Record entries in the order displayed in the problem statement. 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 o for the amounts. Round answers to o decimal places, e.g. 5,275.) Date Debit Credit Account Titles and Explanation Debt Investments [Jan. 1, 2020 2,230,000 Cash 2,230,000 Dec. 31, 2020 - Interest Receivable , 111,500 Interest Revenue 111,500 Jan. 1, 2023 Cash 111,500 111,500 Interest Receivable (To record the receipt of annual interest on Javier bonds) Jan 1, 2023 Cash 1,193,050 Debt Investments 1,115,000 78,050 Gain on Sale of Debt In (To record the sale of Javier bonds) TDec. 31, 2023 - Interest Receivable 1,115,000 Interest Revenue 1,115,000 (b) Your answer is correct. Assume that the fair value of the bonds at December 31, 2020, was $2,453,000. These bonds are classified as available-for-sale securities. Prepare the adjusting entry to record these bonds at fair value. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 Fair Value Adjustment-Ava 223,000 Unrealized Gain or Loss 223,000 SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 2 of 3 used v (c) Your answer is partially correct. Try again. Based on your analysis in part (b), show the balance sheet presentation of the bonds and interest receivable at December 31, 2020. Assume the investments are considered long-term. Indicate where any unrealized gain or loss is reported in the financial statements. (Enter account name only and do not provide descriptive information.) Your answer is partially correct. Try again. Based on your analysis part (b), show the balance sheet presentation of the bonds and interest receivable at December 31, 2020. Assume the investments are considered long-term. Indicate where any unrealized gain or loss is reported in the financial statements. (Enter account name only and do not provide descriptive information.) Oriole Carecenters Inc. Balance Sheet (Partial) December 31, 2020 T Current Assets Interest Receivable 223,000 Investments x! Debt Investments, at fair value 2,453,000 Stockholders' Equity x Total Stockholders' Equity