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ok ill can you do them plz Question 4 of 6 - /0.83 E View Policies Current Attempt in Progress On January 1, 2020, Whispering
ok ill can you do them plz Question 4 of 6 - /0.83 E View Policies Current Attempt in Progress On January 1, 2020, Whispering Company purchased 8% bonds having a maturity value of $440,000, for $477,069.47. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Whispering Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. Prepare the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, es. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit Date Jan. 1 2020 e Textbook and Media List of Accounts Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g. 2,525.25.) Question 5 of 6 - /0.83 E View Policies Current Attempt in Progress On January 1, 2020, Buffalo Company purchased 12% bonds, having a maturity value of $287,000 for $308,758.85. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Buffalo Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows. 2020 $306,500 2023 $297,700 $296,800 2024 $287.000 $295,800 2021 2022 (a) (b) (c) Prepare the journal entry at the date of the bond purchase. Prepare the journal entries to record the interest revenue and recognition of fair value for 2020. Prepare the journal entry to record the recognition of fair value for 2021. (Round answers to 2 decimal places, c.8.2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation (a) Debit Cred Take a Test MO COL rk Question 5 of 6 - /0.83 mi (a) (b) (c) Prepare the journal entry at the date of the bond purchase. Prepare the journal entries to record the interest revenue and recognition of fair value for 2020. Prepare the journal entry to record the recognition of fair value for 2021. (Round answers to 2 decimal places, es. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation I No. Date (a) Debit Cred (b) (To record interest received) c) To record fair value adjustment) MacBook Pro ework Question 6 of 6 - / 0.84 III View Policies Current Attempt in Progress On December 21, 2020, Pharoah Company provided you with the following information regarding its equity investments. December 31, 2020 Investments (Trading) Cost Fair Value Clemson Corp.stock $19.200 $18,300 Colorado Co stock 9,500 8,600 Buffaloes Costock 19,200 19,800 Total of portfolio $47,900 $46,700 Previous fair value adjustment balance Fair value adjustment-Cr. Unrealized Gain (Loss) $1900) (900) 600 (1.200) 0 $(1,200) During 2021, Colorado Co. stock was sold for $9.150. The fair value of the stock on December 31, 2021, was Clemson Corp, stock - $18.400, Buffaloes Co.stock-$19,690. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2020. b) Prepare the journal entry to record the sale of the Colorado Co.stock during 2021. Id Prepare the adjusting journal entry needed on December 31, 2021, Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accountities and enter for the amounts.) No. Account Titles and Explanation Debit Credit MacBook Pro ork Question 6 of 6 - /0.84 E (900) Colorado Co, stock Buffaloes Co.stock Total of portfolio Previous fair value adjustment balance Fair value adjustment-Cr. 9,500 19.200 $47.900 8,600 19,800 $46,700 600 (1.200) 0 $(1,200) During 2021. Colorado Co. stock was sold for $9.150. The fair value of the stock on December 31, 2021, was Clemson Corp, stock- $18,400; Buffaloes Co.stock-$19,690. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2020. (b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2021. Prepare the adjusting journal entry needed on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit (a) (6) ork Question 6 of 6 - / 0.84 E $18,400; Buffaloes Co.stock-$19,690. None of the equity investments result in significant influence. (a) (b) (c) Prepare the adjusting journal entry needed on December 31, 2020. Prepare the journal entry to record the sale of the Colorado Co. stock during 2021. Prepare the adjusting journal entry needed on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Credit (a) Debit (b) e Textbook and Media List of Accounts MacBook Pro
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