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Monkey Mortgage Inc. engaged in the following non - strategic investment transactions during 2 0 2 3 , all with intent to hold to maturity:
Monkey Mortgage Inc. engaged in the following nonstrategic investment transactions during all with intent to hold to maturity:
Jan. Purchased for $ a $ Jaguar Corp. bond that matures in five years when the market interest rate was There was a $$ transaction fee included in the abovenoted payment amount. Interest is paid semiannually beginning June Monkey Mortgage Inc. plans to hold this investment until maturity.
Mar. Bought shares of Mule Corp., paying $ per share. There was a $ transaction fee included in the abovenoted payment amount.
May Received dividends of $ per share on the Mule Corp. shares.
June Paid $ for shares of Zebra common shares. There was a $$ transaction fee included in the abovenoted payment.
June Received interest on the Jaguar bond.
Aug. Sold the Mule Corp. shares for $ per share.
Dec. Received interest on the Jaguar bond.
Dec. The fair value of the Zebra shares on this date was $ per share. Assume the fair value of the bonds equalled the carrying value.
Jan. Sold the Zebra shares for $
Required:
Prepare an amortization schedule for the Jaguar bond showing only and Enter all the amounts as positive values. Do not round intermediate calculation. Round your final answers to the nearest whole dollar amount.
Required:
Prepare an amortization schedule for the Jaguar bond showing only and Enter all the amounts as positive values. Do
not round intermediate calculation. Round your final answers to the nearest whole dollar amount.Prepare the entries to record the transactions described above. Do not round intermediate calculations. Round your final
answers to the nearest whole dollar amount.
Prepare the entries to record the transactions described above. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Show how the investments would be reported on Monkeys December balance sheet. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
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