how to solve journal emtries foe part B

please help solve part A & B including journal entries

Chapter 17 HW 522 09.01.2014 , nu este mindre Date 123 1000019 ta de 100 Home A force wych ACI 50.000 de Find the bence for 11001 lalu the band medias classifieds Cloud is required for each case whether the new Anwen - E- MDO.COAKI_3000 (4) FS ARE 1000 ACID THORE - 1180 (et) noci - 3000 (1) Chapter 17 HW 522 Makalentes related to treat expense and how to und 13313011 under the site bendecida AFS, and (ii) the mentioned trading city indicate whether we OCE TM Chapter 17 HW S22 Q2. On January 01, 2016, Delmon Company acquired Eagle Company 8%, 55,000 face value bonds, as an investment, at their then fair value of $4,800. The bonds mature on December 31, 2020 and pay interest annually on December 31. Delmon has prepared partial amortization schedule, along with information about the fair value of the bonds at the end of each year. (For simplicity. I assume Delmon uses straight-line amortization of the discount.) Cash Received FV minus AC Fair Value (FV) $4,800 4,600 4.780 400 400 Discount Amortired Amortired Cost (AC) $1,800 40 4.840 40 4,880 40 4.920 40 4,960 40 5,000 Date (Bond investment acquired) 01/01/2016 12/31/2016 12/31/2017 12/31/2018 12/31/2019 (Bond investment matures) 12/31/2020 Total (240) (100) 400 400 Values not supplied 400 2,000 200 A. Before considering any gains and losses on the Eagle Bond Investment resulting from changes in investment's fair value for 2016 and 2017, Delmon has the following 12/31/2017 balances. RE S1000 (cr.) and AOCI $3,000 (dr). Find the balances for RE and AOCI on 12/31/2017 after considering any and all gains and losses on the Eagle Bond Investment for 2016 and 2017. Find the balances for three different cases the bond investment is classified as HTM, (ii) the investment is classified as AFS, and (iii) the investment is classified as trading security. Calculations must be in good order and well-labelled, with a short explanation is required for each case. Indicate whether the account balance at 12/31/2017 is a debit or a credit a Answers: HTM O RE- .LDO (0) AOCI - 3000 (dr) AFS (I) RE- 1000 (ir nocI- 2820 (dr) TS (m) RE- 1180 (0) AOCI - -3000 (dr) Chapter 17 HW S22 B. Make journal entries related to interest expense and changes in fair value for 12/31/2016 and 12/312017 under three assumptions (i) the bond investment is classified as HTM. (ii) the investment is classified as AFS, and (iii) the investment is classified as trading security. Indicate whether any gains or losses are in NI or . Dates Accounts Dr 1 Chapter 17 HW 522 09.01.2014 , nu este mindre Date 123 1000019 ta de 100 Home A force wych ACI 50.000 de Find the bence for 11001 lalu the band medias classifieds Cloud is required for each case whether the new Anwen - E- MDO.COAKI_3000 (4) FS ARE 1000 ACID THORE - 1180 (et) noci - 3000 (1) Chapter 17 HW 522 Makalentes related to treat expense and how to und 13313011 under the site bendecida AFS, and (ii) the mentioned trading city indicate whether we OCE TM Chapter 17 HW S22 Q2. On January 01, 2016, Delmon Company acquired Eagle Company 8%, 55,000 face value bonds, as an investment, at their then fair value of $4,800. The bonds mature on December 31, 2020 and pay interest annually on December 31. Delmon has prepared partial amortization schedule, along with information about the fair value of the bonds at the end of each year. (For simplicity. I assume Delmon uses straight-line amortization of the discount.) Cash Received FV minus AC Fair Value (FV) $4,800 4,600 4.780 400 400 Discount Amortired Amortired Cost (AC) $1,800 40 4.840 40 4,880 40 4.920 40 4,960 40 5,000 Date (Bond investment acquired) 01/01/2016 12/31/2016 12/31/2017 12/31/2018 12/31/2019 (Bond investment matures) 12/31/2020 Total (240) (100) 400 400 Values not supplied 400 2,000 200 A. Before considering any gains and losses on the Eagle Bond Investment resulting from changes in investment's fair value for 2016 and 2017, Delmon has the following 12/31/2017 balances. RE S1000 (cr.) and AOCI $3,000 (dr). Find the balances for RE and AOCI on 12/31/2017 after considering any and all gains and losses on the Eagle Bond Investment for 2016 and 2017. Find the balances for three different cases the bond investment is classified as HTM, (ii) the investment is classified as AFS, and (iii) the investment is classified as trading security. Calculations must be in good order and well-labelled, with a short explanation is required for each case. Indicate whether the account balance at 12/31/2017 is a debit or a credit a Answers: HTM O RE- .LDO (0) AOCI - 3000 (dr) AFS (I) RE- 1000 (ir nocI- 2820 (dr) TS (m) RE- 1180 (0) AOCI - -3000 (dr) Chapter 17 HW S22 B. Make journal entries related to interest expense and changes in fair value for 12/31/2016 and 12/312017 under three assumptions (i) the bond investment is classified as HTM. (ii) the investment is classified as AFS, and (iii) the investment is classified as trading security. Indicate whether any gains or losses are in NI or . Dates Accounts Dr 1