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Please help Mar. 1 Purchased a semiannual bond at face value from the Orbit City with a face value of $200,000 which pays 7.2% APR

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Mar. 1 Purchased a semiannual bond at face value from the Orbit City with a face value of $200,000 which pays 7.2% APR (Next interest payment is August 1). Spacely Mar. 1 intends to hold the bond to maturity. Purchased a semiannual bond at face value from Robby Robots with a face value of $90,000 which pay 4.5% APR. (Next interest payment is August 1). Spacely Mar. 1 classifies these bonds as trading investments. Purchased a semiannual bond at face value from the U.S. treasury with a face value of $50,000 which pays 1.2% APR (Next interest payment is August 1). Spacely classifies this bond as available for sale. The following events happen: June 1 Nov. 1 Orbitty Pets pays a dividend of $5.60 per share. Cogswell Cods pays a dividend of 3.20 per share. Dec. 1 Orbitty Pets pays a dividend of $5.65 per share. At year's end, the investments are worth: Cogswell Cogs, $20,90 per share, reporting net income of $42,500,000. Orbitty Pets, $65 per share, reporting net income of $10,000,000. Robby Robots Bond is worth $95,000. U.S. Treasury bond is worth $51,000. 1. Journalize all transactions relating to the purchase of these investments. 2. Journalize all dividend and bond interest payments. 3. Journalize any adjustments to fair market value. 4. Journalize any adjustments due to the reporting of net income by the equity investments. Remember how long Spacely intends to hold a particular investment and/or how much influence they have over another company determines the accounting treatment. Label the accounts accordingly (HTM, trading, AFS). Purchase Date Account Dr Cr 245,100 245 100 Feb 13 1503,000 14,503,000

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