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Nimble Investments completed the following investment transactions during 2024 (Click the icon to view the investment transactions.) Read the requirements - Requirement 1. Journalize Nimble's
Nimble Investments completed the following investment transactions during 2024 (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 cells blank.) Begin by journalizing Nimble's investment on January 5, 2024. Date Accounts and Explanation Requirements 2024 Jan. 5 1. Journalize Nimble's investment transactions. Explanations are not required. 2. Prepare a partial balance sheet for Nimble's Valant investment as of December 31, 2024 3. Prepare a comprehensive income statement for Nimble Investments for year ended December 31, 2024. Assume net income was $240,000. More Info Print Done 2024 Jan. 5 Jun. 30 Purchased Valant Company's $450,000 bond at face value. Nimble classified the investment as available-for-sale. The Valant bond pays interest at the annual rate of 3% on June 30 and December 31 and matures on December 31, 2027. Management's intent is to keep the bonds for several years. Received an interest payment from Valant. Received an interest payment from Valant. Adjusted the investment to its current market value of $442,000. Dec. 31 Dec. 31
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