Just need C
Feb. 1 Stock Investments Cash Mar. 1 Stock Investments Cash Apr. 1 Debt Investments Cash July 1 Cash Dividend Revenue Aug. 1 Cash Stock Investments Gain on Sale of Stock Investments Sept. 1 Cash Dividend Revenue Oct. 1 Cash Interest Revenue 27,500 27,500 17,500 17,500 69,000 69,000 300 300 10,855 \begin{tabular}{|r|} \hline 9,185 \\ \hline 1,670 \\ \hline \\ \hline \end{tabular} 700 700 (To record the receipt of semiannual interest on Yoakem bonds) (To record the sale of Yoakem bonds) Date Account Titles and Explanation Debit Credit Dec. 31 Unrealized Gain or Loss-Income 367 Fair Value Adjustment-Trading 367 eTextbook and Media List of Accounts Attempts: 1 of 3 used (c) Your answer is partially correct. Show the balance sheet presentation of investment securities at December 31, 2022. Sandhill Company Balance Sheet (Partial) December 31, 2022 Current Assets Short-term Investments, at fair value $ 45167 In January 2022, the management of Sandhill Company concludes that it has sufficient cash to permit some short-term investments in debt and equity securities. During the year, the following transactions occurred. Feb. 1 Purchased 500 shares of Muninger common stock for $27,500. Mar. 1 Purchased 700 shares of Tatman common stock for $17,500. Apr. 1 Purchased 60 of $1,150,6% Yoakem bonds for $69,000. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the Muninger common stock. Aug. 1 Sold 167 shares of Muninger common stock at $65 per share. Sept. 1 Received a \$1 per share cash dividend on the Tatman common stock. Oct. 1 Received the semiannual interest on the Yoakem bonds. Oct. 1 Sold the Yoakem bonds for $67,700. At December 31, the fair value of the Muninger and Tatman common stocks were $56 and $24 per share respectively. These stock investments by Sandhill Company provide less than a 20% ownership interest. Feb. 1 Stock Investments Cash Mar. 1 Stock Investments Cash Apr. 1 Debt Investments Cash July 1 Cash Dividend Revenue Aug. 1 Cash Stock Investments Gain on Sale of Stock Investments Sept. 1 Cash Dividend Revenue Oct. 1 Cash Interest Revenue 27,500 27,500 17,500 17,500 69,000 69,000 300 300 10,855 \begin{tabular}{|r|} \hline 9,185 \\ \hline 1,670 \\ \hline \\ \hline \end{tabular} 700 700 (To record the receipt of semiannual interest on Yoakem bonds) (To record the sale of Yoakem bonds) Date Account Titles and Explanation Debit Credit Dec. 31 Unrealized Gain or Loss-Income 367 Fair Value Adjustment-Trading 367 eTextbook and Media List of Accounts Attempts: 1 of 3 used (c) Your answer is partially correct. Show the balance sheet presentation of investment securities at December 31, 2022. Sandhill Company Balance Sheet (Partial) December 31, 2022 Current Assets Short-term Investments, at fair value $ 45167 In January 2022, the management of Sandhill Company concludes that it has sufficient cash to permit some short-term investments in debt and equity securities. During the year, the following transactions occurred. Feb. 1 Purchased 500 shares of Muninger common stock for $27,500. Mar. 1 Purchased 700 shares of Tatman common stock for $17,500. Apr. 1 Purchased 60 of $1,150,6% Yoakem bonds for $69,000. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the Muninger common stock. Aug. 1 Sold 167 shares of Muninger common stock at $65 per share. Sept. 1 Received a \$1 per share cash dividend on the Tatman common stock. Oct. 1 Received the semiannual interest on the Yoakem bonds. Oct. 1 Sold the Yoakem bonds for $67,700. At December 31, the fair value of the Muninger and Tatman common stocks were $56 and $24 per share respectively. These stock investments by Sandhill Company provide less than a 20% ownership interest
