PART C NEEDED
Sheridan Carecenters Inc, provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Sheridan, whose fiscal year ends on December 31. 2022 Jan. 1 Purchased at face value $2,449,000 of Javier Nursing Centers, Inc, 10-year, 5% bonds dated January 1 , 2022, directly from Javier. Dec. 31 Accrual of interest at year-end on the Javier bonds. Assume that all intervening transactions and adjustments have been properly recorded and the number of bonds owned has not changed from December 31,2022 , to December 31,2024 . Journalize the listed transactions for the years 2022 and 2025. (Record entries in the order displayed in the problem statement. List all debit entries before credit entries. 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 tities and enter 0 for the amounts.) an. 1,2025 Cash Debt investinents Gain on Sale of Debt Investments (To record the sale of Javier bonds) sec31,2025 Interest Receivable 61225 Interest Revenue Based on your analysis in part (b), show the balance sheet presentation of the bonds and interest receivable at December 31 , 2022. Assume the investments are considered long-term. Indicate where any unrealized gain or loss is reported in the financial statements. (Enter account name only and do not provide descriptive information.) Sheridan Carecenters Inc, provides financing and capital to the healthcare industry, with a particular focus on nursing homes for the elderly. The following selected transactions relate to bonds acquired as an investment by Sheridan, whose fiscal year ends on December 31. 2022 Jan. 1 Purchased at face value $2,449,000 of Javier Nursing Centers, Inc, 10-year, 5% bonds dated January 1 , 2022, directly from Javier. Dec. 31 Accrual of interest at year-end on the Javier bonds. Assume that all intervening transactions and adjustments have been properly recorded and the number of bonds owned has not changed from December 31,2022 , to December 31,2024 . Journalize the listed transactions for the years 2022 and 2025. (Record entries in the order displayed in the problem statement. List all debit entries before credit entries. 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 tities and enter 0 for the amounts.) an. 1,2025 Cash Debt investinents Gain on Sale of Debt Investments (To record the sale of Javier bonds) sec31,2025 Interest Receivable 61225 Interest Revenue Based on your analysis in part (b), show the balance sheet presentation of the bonds and interest receivable at December 31 , 2022. Assume the investments are considered long-term. Indicate where any unrealized gain or loss is reported in the financial statements. (Enter account name only and do not provide descriptive information.)
