Please help answer the missing information on the attached documents regarding investments

Accounting 301-303: ACCT302 B001 Spr 16 Chapter 12 Homework 1. April Yamada instructions | help value: 20.00 points Brief Exercise 12-1 Securities held-to-maturity; bond investment; effective interest [LO12-1] Lance Brothers Enterprises acquired $770,000 of 5% bonds, dated July 1, on July 1, 2013, as a long-term investment. Management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 6% for bonds of similar risk and maturity. Lance Brothers paid $690,000 for the investment in bonds and will receive interest semiannually on June 30 and December 31. a. Prepare the journal entry to record Lance Brothers' investment in the bonds on July 1, 2013. (If no entry is required for a particular event, select "No journal entry required" in the first account field.) view transaction list Event 1 view general journal General Journal Investment in bonds Discount on bond investment Cash Debit Credit 770,000 80,000 690,000 b. Prepare the journal entry to record interest on December 31, 2013, at the effective (market) rate. (If no entry is required for a particular event, select "No journal entry required" in the first account field.) view transaction list view general journal Event 1 General Journal Cash Debit Credit 19,250 Discount on bond investment Interest revenue References Brief Exercise eBook & Resources Brief Exercise 12-1 Securities held-to-maturity; bond investment; effective interest [LO12-1] Learning Objective: 12-01 Demonstrate how to identify and account for investments classified for reporting purposes as held-to-maturity. Check my work 2016 2016 McGraw-Hill Education. All rights reserved. Accounting 301-303: ACCT302 B001 Spr 16 Chapter 12 Homework 4. April Yamada instructions | help value: 20.00 points Brief Exercise 12-9 Equity method [LO12-6] The fair value of Wallis, Inc.'s depreciable assets exceeds their book value by $70 million. The assets have an average remaining useful life of 15 years and are being depreciated by the straight-line method. Park Industries buys 30% of Wallis's common shares. When Park adjusts its investment revenue and the investment by the equity method, how will the situation described affect those two accounts? (Enter your answer in millions.) Both accounts would be References Brief Exercise reduced by million each year of 15 years. eBook & Resources Brief Exercise 12-9 Equity method [LO12-6] Learning Objective: 12-06 Explain the adjustments made in the equity method when the fair value of the net assets underlying an investment exceeds their book value at acquisition. Check my work 2016 2016 McGraw-Hill Education. All rights reserved. Accounting 301-303: ACCT302 B001 Spr 16 Chapter 12 Homework 5. April Yamada instructions | help value: 20.00 points Exercise 12-14 Investment securities and equity method investments compared [LO12-3, 12-4, 125] As a long-term investment, Painters' Equipment Company purchased 20% of AMC Supplies Inc.'s 460,000 shares for $736,000 at the beginning of the fiscal year of both companies. On the purchase date, the fair value and book value of AMC's net assets were equal. During the year, AMC earned net income of $320,000 and distributed cash dividends of 15 cents per share. At year-end, the fair value of the shares is $768,000. Required: 1. Assume no significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year. (If no entry is required for a particular event, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 1 2 3 4 Record the entry of net income. Event 2 General Journal Debit Credit No journal entry required *Enter debits before credits done clear entry record entry 2. Assume significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year. (If no entry is required for a particular event, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 1 2 3 4 Record the investment revenue. Event 2 General Journal Debit Credit Investment in AMC common shares Investment revenue *Enter debits before credits done clear entry record entry rev: 01_23_2013 Hints References eBook & Resources Hint #1 Check my work 2016 2016 McGraw-Hill Education. All rights reserved