Homework: Chapter 16 Homework Save Score: 0 of 10 pts 3 of 9 17 complete) HW Score: 41.36%, 37.22 of 90 pls E16-8 (similar to) Question Help 0 Crowder Company reported the following Investment act My accounting at January 1 of the current year. Cander does not have significant influence over the investees. (Click the icon to view the invesiment information.) Read the requirements Requirement a. Prepare the journal entry required to record the acquisition of the investments at the beginning of the current year. (Record dietits first then credits. Exclude explanations from any journal entries.) Account Entry at acquisition i More Info Amount Paid Portfolio Had to malurily 5 5010,970 Description Investment in bonds (55,550,000 par value, 5'% coupon, annual interest oaid on December 31, 15 ycers lo maturity, 6% effective yield) Investment in publicly traded common stock (150 000 shares, 138 per share acquisition price) Investment in publicly traded preferred stock (20,000 shares, $10 par, $15,500 annual dividend. S13 per share acquisition price) i Requirements 5.700 COD a. 260,000 Print Done Prepare the ournal entry required to record the acquisition of the investments at the beginning of the current year. b. Prepare the ournal entries to record interest and dividend income at year-crassuring thalicacier receives the divickaids on the preferred shares. c. Prepare the oumal entries required to adjust the carrying amount of the investments to their fair values at the end of the first year: bonds, $4,595.427 common stock, S43 por share and preferred stock, $11 por share Choose from any 5 parts remaining Glear All Check Answer Print Donc Homework: Chapter 16 Homework Save Score: 0 of 10 pts 3 of 9 17 complete) HW Score: 41.36%, 37.22 of 90 pls E16-8 (similar to) Question Help 0 Crowder Company reported the following Investment act My accounting at January 1 of the current year. Cander does not have significant influence over the investees. (Click the icon to view the invesiment information.) Read the requirements Requirement a. Prepare the journal entry required to record the acquisition of the investments at the beginning of the current year. (Record dietits first then credits. Exclude explanations from any journal entries.) Account Entry at acquisition i More Info Amount Paid Portfolio Had to malurily 5 5010,970 Description Investment in bonds (55,550,000 par value, 5'% coupon, annual interest oaid on December 31, 15 ycers lo maturity, 6% effective yield) Investment in publicly traded common stock (150 000 shares, 138 per share acquisition price) Investment in publicly traded preferred stock (20,000 shares, $10 par, $15,500 annual dividend. S13 per share acquisition price) i Requirements 5.700 COD a. 260,000 Print Done Prepare the ournal entry required to record the acquisition of the investments at the beginning of the current year. b. Prepare the ournal entries to record interest and dividend income at year-crassuring thalicacier receives the divickaids on the preferred shares. c. Prepare the oumal entries required to adjust the carrying amount of the investments to their fair values at the end of the first year: bonds, $4,595.427 common stock, S43 por share and preferred stock, $11 por share Choose from any 5 parts remaining Glear All Check Answer Print Donc