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Please answer question cmpletely. NOTE. this is one question with multiple parts answer each part correctly. this is one question with multilple parts. Answer every
Please answer question cmpletely. NOTE. this is one question with multiple parts answer each part correctly.
this is one question with multilple parts. Answer every part correctoy please
Out Stack investment Debtestens In January 2022, the management of Oriole Company concludes that it has sufficient cash to permit some short-term investments in debt and equity securities. During the year, the following transactions occurred Feb. 1 Mar. 1 Apr. 1 July 1 Purchased 800 shares of Muninger common stock for $44,000 Purchased 1,000 shares of Tatman common stock for $25,000 Purchased 70 of $1,240,9% Yoakem bonds for $86,800. Interest is payable semiannually on April 1 and October 1. Received a cash dividend of $0.50 per share on the Muninger cominon stock. Sold 266 shares of Muninger common stock at $65 per share, Received a $1 per share cash dividend on the Tatman common stock Received the semiannual interest on the Yoakem bonds. Sold the Yoaker bonds for $8,300. Aug 1 Sept. 1 Oct. 1 Oct 1 Al December 31, the fair value of the Muninger and Tatman common stocks were $56 and 524 per share respectively. These stock investments by Oriole Company provide less than a 20% ownership interest al Journalize the transactions and post to the accounts Debt Investments and Stock vestments. Use the account form. Record journal entries in the order presented in the problem. Lista debit entries before credit entries. Credit account titles are automatically Indiented when amount is entered Danoindent manually. If no entry is required, select "No entry for the accountries and enter for the amounts.) Date Account Tities and Explanation Debit Credit (To record the receipt of semiannual interest on Yoakem bonds) (To record the sale of Yoakem bonds) Stock Investments Debt Investments (b) 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31 (c) Show the balance sheet presentation of investment securities at December 31, 2022. Oriole Company Balance Sheet (Partial) Step by Step Solution
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