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please answer all boxes :) Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as
please answer all boxes :)
Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as nonstrategic investments: 2023 Feb. 7 Purchased 3,400 common shares of Royal Bank at $27.70, plus $500 in transaction fees. 19 Purchased 2,460 common shares of Imperial Oil at $54.75, and paid $250 in transaction fees. Apr. 1 Pald $160,993 plus $500 in transaction fees for a 6.80%, four-year, $102,090 Minco Inc, bond that pays interest fuarter 1y. beginning June 30 . The market rate of interest on this dote was 7.208 . Sellers corporation plans to hold this investaent for the duration of the bond's contract 11 fe. Hay 26 Purchased 3,200 comnon shares of BCE at $14+58, plus $260 in transaction fees. June 1 Received a $0.25 per share cash dividend on the Royal Bank comon shares. 17 5old 2,480 Royal Bank common shares at $28.20. 39. Received interest on the Minco Inc. bond. Aug. 5 Recelved a $9.50 per share cash dividend on the Imperial ofl comon shares. sept. 1 Received a $6.275 per share cash dividend on the renaindng foyal bank common shares. 39 Recelved interest on the Minco Inc. bond. Dec. 31 Received interest on the Minco Inc, bond. On December 31, 2023, the fair values of the investments held by Safety Development Corporation were: Royal Bank, $2870; imperial OII, \$53.13, and BCE, \$14.70. Assume the fair value and carrying value of the Minco Ine bond were equal. Required: 1. Prepare an amortization schedule for the Minco Inc. bond showing only 2023. (Round your intermediote ond final enswers to the nearest whole dollar amount. Enter all the amounts as positive values.) 3. Show how the investments will be reported on the December 31, 2023, balance sheet. (Round your intermediote and final antiwer to the nearest whole dollar amount.) Analysis Component: If the fair value adjustment is not recorded by Safety Development Corporation, what is the impact on the financial statements? Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 4 Note: Enter debits before credits. Journal entry worksheet 1 2 4 5 6 7 Record the purchase of a 4 -year, 6.80%,$102,000 bond. Note: Enter debits before credits. Journal entry worksheet 12 5 Record the purchase of equity investment. Note: Enter debits before credits. Journal entry worksheet Record the collection of dividend income. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 1 2 4 5 Note: Enter debits before credits. Journal entry worksheet 5 Record the collection of dividend income. Note: Enter debits before credits. Journal entry worksheet Record the collection of dividend income. Note: Enter debits before credits. Journal entry worksheet 1 7 Record the interest collected on bond. Note: Enter debits before credits. Journal entry worksheet 1567 Record the interest collected on bond. Note: Enter debits before credits. Journal entry worksheet 1567 Record the fair value adjustment. Note: Enter debits before credits Step by Step Solution
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