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Odie Company purchased, on January 1, 2020. as an available for sale investment. $90,000 of the 9%. 5-year bonds of Chester Corporation for $83.347. which
Odie Company purchased, on January 1, 2020. as an available for sale investment. $90,000 of the 9%. 5-year bonds of Chester Corporation for $83.347. which provides an 11% retum. Prepare Odie's journal entries for the purchase of the investment Accounts Debit 1 Select] 1 Select) ISelect I Select] Prepare Odie's journal entries for the receipt of annual interest and discount amortization Accounts Debit Credit I Select] Discount on Bonds Payable I Select) [9] (10) Prepare Odie's journal entries for the year-end fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) The bonds have a year-end fair value of $87.500. Accounts Debit Credit (11] (12] [13] 976, 5-year bonds of Chester Corporation for $83.347. which provides an 11% return. Prepare Odie's journal entries for the purchase of the investment Accounts Debit Credit I Select! Select] 1 Select ! Bonds Payable I Select) Additional Paid-in Capital - Stock Warrants Prepare Odie's journal entries for the receipt of annual interest and discount amortization Accounts Debit Credit 1 Sclect! Discount on Bonds Payable [ Select ! 19] |(10) Prepare Odie's journal entries for the year-end fair value adjustment. (Assume a zero balance in the Fair Value Adjustment account.) The bonds have a year-end fair value of $87.500
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