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I only need help with entries #15 and #16 5 Problem 12-9 Securities held-to-maturity, securities available for sale, trading securities and equity investments L012-1, 12-2,

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5 Problem 12-9 Securities held-to-maturity, securities available for sale, trading securities and equity investments L012-1, 12-2, 12-3,12-4, 12-5] Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time 10 points the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2018 and the first month of 2019. The only securities held by Amalgamated at October 1 were $40 million of 10% bonds eBook Print Referencers of Kansas Abstractors, Inc, purchased on May 1 at face value and held in Amalgamated's trading portfolio. The company's fiscal year ends on December 31 2018 Oct. 18 Purchased 2 million preferred shares of Mi1lwork Ventures Coepany for $70 million. 31 Received semiannual interest of $2.0 million from the Kansas Abstractors bonds. Nov. 1 Purehased 10s bonds of Holistie Entertainnent Enterprises at their 60 mil1ion face value, to be held unt they mature in 2025. Semiannual interest is payable April 30 and Oetober 31 1 Sold the Kansas Abstraetors bonds for $37 million because riaing interest rates are expected to cause their fair value to continue to fall. No unrealized gains and losses had been recorded on these bonds previously Dec. 1 Purchased 12 bonde of Bousehold Plasties Corporation at their $60 million face value, to be held until they nature in 2028.Semiannual interest is payable May 31 and Novenber 30 20 Purehased U. S.Treasury bonda for $6.5 million as tading securities, hoping to earn profite on short-tern differences in prices 21 Purchased 4 milion eonmon shares of SXS Corporation tor sa-illion, planning to earn protetros anima, or gains if prevailing market condiLeions encourage sale 23 Sold the Treasury bonds for $6.7 mi11ion. 29 Received canh dividenda ot million fron the Millwork ventures Copany preferred .-rea . 31 Recorded any necessary adjusting entry() and elosing entries relating to the investments. The market price of the Millwork Ventures Company preferred stock sa .00 per eare and ti-.00 per .ke enk ie ern common. The fair values of the bond investmente were $63.2 million for Bousehold Plastice Corporation and $17.6 nillios for Bolistic Entertainnent Enterprises 2019 Jan. 7 Bold the NXs Corporation common shares for 559 milion. Required Saved 5 Journal entry worksheet 16 nts Record the entry to adjust to fair value on the date of sale of the NXS Corporation common shares. eBook Print References Note: Enter debits before credits Date General Journal Jan 07, 2019 Unrealized holding loss-N Fair value adjustment Record entry Clear entry View general journal Journal entry worksheet 9 Record the sale of the NXS Corporation common shares for $59 million. Note: Enter debits before credits. Date General Journal Debit Credit ces Jan 07, 2019 Cash 59.0 3.0 Investment in NXS shares 62.0 Record entry Clear entry Vlew general journal Jan 07, 2019 Unrealized holding loss-NI Fair value adjustment 60.0 59.0 .00 16 Jan 07, 2019 62.0 Investment in NXS shares

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