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PART D IS NEEDED ASAP PLEASE Give the statement classification of each incorne statement account. (c) Show the balance sheet presentation of investment securities at
PART D IS NEEDED ASAP PLEASE
Give the statement classification of each incorne statement account. (c) Show the balance sheet presentation of investment securities at December 31, 2022. Prepare the adjusting entry at December 31,2022 , to report the investment securities at fair value. All securities are considered to be trading securities. (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 titles and enter of for the amounts.) Stock Investments Fob. 1 Mar. 1 Dec. 31 Bal. Debt Investments Apf. 1 Dec. 31 Bal ? Stockitwestments Sept 1 Cash Dividend Revencuo (To record the receipt of semiannual interest on Yoakem bonds) Oet 1: : Journalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the T-account form.) (Record journal entries in the order presented in the problem. 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 titles and enter 0 for the amounts.) In January 2022, the management of Blossom Company concludes that it has sufficient cash to permit some short-term investments i debt and equity securities. During the year, the following transactions occurred. Feb. 1 Purchased 700 shares of Muninger common stock for $35,000. Mar. 1 Purchased 900 shares of Tatman common stock for $22,500. Apr. 1 Purchased 60 of $1,000,8% Yoakem bonds for $60,000. Interest is payable semiarinually on April 1 and October 1 . July 1 Received a cash dividend of $0.70 per share on the Muninger common stock Aug. 1 Sold 233 shares of Muninger common stock at $65 per share. Sept 1 Received a \$2 per share cashdividend on the Tatman common stock. Oct. 1 Recelved the semiannual interest on the Yoakem bonds. Oct. 1 Sold the Yoakem bonds for 558.000 At December 31, the fair value of the Muningnt and Tatman common stocks were $51 and $24 per share respectively. These stock Investments by Blossom Company provide less than a 20 G ownership interest. Give the statement classification of each incorne statement account. (c) Show the balance sheet presentation of investment securities at December 31, 2022. Prepare the adjusting entry at December 31,2022 , to report the investment securities at fair value. All securities are considered to be trading securities. (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 titles and enter of for the amounts.) Stock Investments Fob. 1 Mar. 1 Dec. 31 Bal. Debt Investments Apf. 1 Dec. 31 Bal ? Stockitwestments Sept 1 Cash Dividend Revencuo (To record the receipt of semiannual interest on Yoakem bonds) Oet 1: : Journalize the transactions and post to the accounts Debt Investments and Stock Investments. (Use the T-account form.) (Record journal entries in the order presented in the problem. 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 titles and enter 0 for the amounts.) In January 2022, the management of Blossom Company concludes that it has sufficient cash to permit some short-term investments i debt and equity securities. During the year, the following transactions occurred. Feb. 1 Purchased 700 shares of Muninger common stock for $35,000. Mar. 1 Purchased 900 shares of Tatman common stock for $22,500. Apr. 1 Purchased 60 of $1,000,8% Yoakem bonds for $60,000. Interest is payable semiarinually on April 1 and October 1 . July 1 Received a cash dividend of $0.70 per share on the Muninger common stock Aug. 1 Sold 233 shares of Muninger common stock at $65 per share. Sept 1 Received a \$2 per share cashdividend on the Tatman common stock. Oct. 1 Recelved the semiannual interest on the Yoakem bonds. Oct. 1 Sold the Yoakem bonds for 558.000 At December 31, the fair value of the Muningnt and Tatman common stocks were $51 and $24 per share respectively. These stock Investments by Blossom Company provide less than a 20 G ownership interest Step by Step Solution
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