m. On January 1, 2021. Zenab Company issued $2,500,000, 9%, 5-year bonds. The bonds were dated January 1, 2020, and pay interest annually on January 1. Financial statements are prepared annually on December 31. Instructions Assume that on January 1, 2023, Zenab Company pays the accrued bond interest and calls the bonds. The call price is 103. Record the payment of interest and redemption of the bonds. (2.5 marks) > Raid Company has the following data at December 31, 2021. Securities Cont Fair Value Trading $120.000 $127,000 Available-for-sale 100.000 95,000 The available-for-sale securities are held as a long-term investment Instructions Prepare the adjusting entries to report each class of securities at fair value. 10. Fama Company at December 31 has cash $50,000, noncash assets $250,000, liabilities $138,000, and the following capital balances: Fahad $112,000 and Majid $50,000. The firm is liquidated, and $265,000 in cash is received for the noncash assets. Fahad and Majid income ratios are 60% and 40%, respectively. Instructions Prepare a schedule of cash payments. (11) Float Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 100 8%, $1,000 Qaiz Co. bonds for $100,000 cash plus brokerage fees of S1,800 Interest is payable semiannually on July 1 and January 1. July ! Received semiannual interest on Qiaz Co. bonds. July 1 Sold 60 Qaiz Co, bonds for $68,000 less $1,000 brokerage fees. Required: a) Journalize the transactions (2 marks) b) Prepare the adjusting entry for the accrual of interest at Dermher il (05 Mark