Journal entry worksheet Fecord. Furzy Monkey's investment on bonds on January 1, 2024. Woth Enter atbits beforn ctedis Journal entry worksheet Record the interest revenue on June 30, 2024. Note: Enter debits before credits. January 1, 2024. Management intends to have the investment available for sale when circumstances warrant. For bonds of similar fisk and maturity the market yield was 12%. The price paid for the bonds was $178 million. Interest is recelved semiannually on June 30 and December 3t, Due to changing market conditions, the fair value of the bonds at December 31,2024 , was $190 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effoctive rate). 4-a. At what amount will Furzy Monkey report its investment in the December 31, 2024, balance sheet? 4-b. Prepare the entry necessary to achieve this reporting objective. indicate the one that is most ikely) Complete this question by entering your answers in the tabs below. At what amount will fuzzy Monkey report its inwestment in the Decomber 31, 2024, balance sheet? At what arnount will fuzzy Monkey report its investment in the Decomber 31,2024,000,000 should be entered as 10). Show less A Journal entry worksheet Record the interest revenue on December 31, 2024. Note: Enter debits before credits. Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment $200 million of 10% bonds, dated January 1 , on January 1, 2024. Management intends to have the investment available for sale when circumstances warrant. For bonds of similar risk and maturity the market yield was 12%. The price paid for the bonds was $178 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2024, was $190 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4-a. At what amount will Fuzzy Monkey report its investment in the December 31,2024 , balance sheet? 4-b. Prepare the entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (ff more than one approach is possible. indicate the one that is most likely) Complete this question by entering your answers in the tabs below. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 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 2 decimal places, (i.e., 5,500,000 should be entered as 5,50). Show less A Journal entry worksheet Pregare the entry necessary to achieve this reporting objective. Pregare the entry necessary to achisve this reportug objective: Note: If oo emry is required for a transaction/event, select "No journal entry required" in the first account fieid. Do not round Journal entry worksheet Record any necessary entry to report the investment at the correct value on the balance sheet. 5. How would Fuzzy Monkey's 2024 statement df cash flows be affected by this investment? (If more than one approach is possibb indicate the one that is most likely.) Complete this question by entering your answers in the tabs below. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment? (If more than one approach is possibie, indicate the one that is most likely.) Note: Do not round intermediate calculations. Enter all amounts as positive values. Enter your answers in millions rounded to 2 decimal place, (1.e., 5,500,000 should be entered as 5.5)