Live Large Inc. had the following transactions involving non-strategic investments during 2020.
rem . ( > 0' ezto.mheducationcom/ext/map/index.html?_con:con&externa|_browser:0&|aunchUrl:https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questionsgroup/kEZASsBkEPsRcZ... ' '3 *r 0 E Assignment 11 - Chapter 15 0 Saved Help Save E Exit Submit Live Large Inc. had the following transactions involving nonestrategic investments during 2020. 2020 Apr. 1 Paid $189,696 to buy a seeday term deposit, $166,666 principal amount, 5.6%, dated April 1. 12 Purchased 3,606 common shares of Blue Balloon ltd. at $22.25. June 9 Purchased 1,808 common shares of Purple Car Corp. at $49.50. 26 Purchased 706 common shares of Yellow Tech Ltd. at $15.75. 35 July 1 Purchased for $67,412 a 7.0%, $65,969 Space Explore Inc. bond that matures in eight years when the market interest rate poms was 6.4%. Interest is paid semiannually beginning December 31, 2917. Live Large Inc. plans to hold this investment until maturity. 3 Received a cheque for the principal and accrued interest on the term deposit that matured on June 30. 15 Received a $9.95 per\" share cash dividend on the Blue Balloon Ltd. common shares. Pvlnl 26 Sold 1,590 of the Blue Balloon Ltd. common shares at $26.69. Sept. 1 Received a $2.18 per share cash dividend on the Purple Car Corp. common shares. Dec. 15 Received a $1.35 per share cash dividend on the remaining Blue Balloon Ltd. common shares owned. 31 Received the interest on the Space Explore Inc. bond. 31 The fair values of Live Large Inc.'s investments on this date were Blue Balloon shares, $24.69,- Purple Car Corp. shares, $42.35; Yellow Tech shares, $16.95. Assume the fair value and the carrying value of the Space Explore bond were equal. 2021 Feb. 16 Sold the remaining Blue Balloon shares at $26.25. Required: 1. Prepare an amortization schedule for the Space Explore bond Showing only 2020 and 2021. (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values. Use 365 days in a year.) July 1/20 Dec 31100 June 30/21 Dec 31l21 7:51 AM I: 2020708709 19.1 A a El nu) ENG )3 Type hereto search 0 Connect X Course Hero X + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPsRc2... * M Assignment 11 - Chapter 15 i Saved Help Save & Exit Submit 2 2. Prepare journal entries to record the preceding transactions. (Round your intermediate and final answers to the nearest whole 35 dollar amount. Use 365 days in a year.) points View transaction list Print X Record the purchase of 5.0% term deposit as short-term 13 investment. Record the purchase of short-term investment. Record the purchase of short-term investment. 4 Record the purchase of short-term investment. Credit Record the purchase of a 7.0%, 8-year bond. 6 Record the collection of term deposit and interest earned. Record the collection of dividend income. Note : = journal entry has been entered Mc Graw Hill Type here to search O 1 0 0 / 4) ENG 7:51 AM 2020-08-09
