Mumford Corporation invested $30,000 in marketable securities on December 4. On December 9. it sold some of these investments for $10,000, and on December 18, it sold more of these investments for $5,000. The securities' sold on December 9 had cost the company $7,000, whereas the securities sold on December 18 had cost the company $6,000. a. Record the purchase of marketable securities on December 4. b. Record the sale of marketable securities on December 9. c. Record the sale of marketable securities on December 18. d. Record the necessary fair value adjustment on December 31, assuming that the market value of the company's remaining unsold securities was $20,000. Solution Question 2 Moon Star Company obtained two notes receivable during the year of 2019. The details of the notes are as follows: October 3, 2019 Sold goods for $24,000 on account to a customer (Sun Company) and received 8% note. The note was due on October 18, 2019. December 5, 2019 Received 13% note for $15,000 to replace account receivable from a customer (Strong Company). The note was due on January 5, 2020. Instructions (35 points): a. Compute maturity value of the note receivable received on October 3 (Show supporting calculations.) b. Journalize the collection of the note which was due on October 18, 2019. c. Journalize the adjusting entry at December 31, 2019 to record acerved interest. d. Compute total interest revenue camned on the note receivable received on December 5, 2019 (Show supporting calculations.) e. Journalize the collection of the note which was due on January 5, 2020