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Nimble Investments completed the following investment transactions during 2018 (Click the icon to view the investment transactions.) Read the requirements Requirement 1. Journalize Nimble's investment
Nimble Investments completed the following investment transactions during 2018 (Click the icon to view the investment transactions.) Read the requirements Requirement 1. Journalize Nimble's investment transactions. Explanations are not required. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. If no entry is required, select "No entry required on the first line of the Accounts and Explanation column and leave the remaining bells blank.) Begin by joumalizing Nimble's investment on January 5, 2018 i More Info Date Accounts and Explanation Debit Credit 2018 Jan. 5 2018 Jan. 5 Purchased VanCan Company's $525,000 bond at face value. Nimble classified the investment as available for sale. The VanCan bond pays interest at the annual rate of 3% on June 30 and December 31 and matures on December 31, 2021. Management's intent is to keep the bonds for several years, Received an interest payment from VanCan. Received an interest payment from VanCan. Adjusted the investment to its current market value of $515,000 Jun. 30 Dec. 31 31 0 Requirements Print Done 1. Joumalize Nimble's Investment transactions. Explanations are not required. 2. Prepare a partial balance sheet for Nimble's VanCan investment as of December 31, 2018 3. Prepare a comprehensive income statement for Nimble Investments for year ended December 31, 2018. Assume net income was $360,000 Choose from all
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