On February 15, Jewel Company buys 7,200 shares of Marcelo Corp. at $28.55 per share. The purchase is classified as a stock investment with insignificant influence. This is the companys first and only stock investment. On March 15, Marcelo Corp. declares a dividend of $1.17 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 30 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.33 per share. The fair value of the remaining shares is $29.53 per share at year-end. The amount that Jewel Company should report in the current-year income statement from its investment in Marcelo Corp. is:

Multiple Choice

• Unrealized GainIncome; $10,628.

• Realized GainIncome; $3,528.

• Unrealized LossEquity; $3,528.

• Unrealized GainIncome; $3,528.

• Unrealized LossIncome; $3,528.

Landmark buys $310,000 of SRW Companys 6%, 3-year bonds payable, at par value on July 1. Interest payments are made semiannually on December 31 and June 30. The journal entry Landmark should make to record interest earned at year-end December 31 is:

Multiple Choice

• Debit Cash $9,300, credit Interest Revenue $9,300.

• Debit Cash $18,600, credit Interest Revenue $18,600.

• Debit Cash $3,100, credit Interest Revenue $3,100.

• Debit Interest Receivable $9,300, credit Interest Revenue $9,300.

• Debit Interest Revenue $9,300, credit Cash $9,300.