please help me with the following questions
QUESTION 10
On July 2, 2018, Corso Inc. purchased $520,000 of Bere Corp. 5% bonds at a price to yield a market interest rate of 6%. The bonds pay interest semi-annually on July 1 and January 1, and mature on July 1, 2028. Corso plans to hold this investment until it matures. At December 31, 2018, which is the year end for both companies, the bonds were trading at 93 (this means 93% of maturity value). Calculate the present value (issue price) of the bonds on July 2, 2018. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places, e.g. 5,250.) Present Value of the Bonds S SHOW LIST OF ACCOUNTS LINK TO TEXT For Corso, the investor, record. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 1. the purchase of the bonds on July 2, 2018, 2 . the accrual of interest on December 31, 2018, W the receipt of interest on January 1, 2019, and 4. the receipt of interest on July 1, 2019. Date Account Titles and Explanation Debit Credit 2018 July 2 Dec. 31 2019 Jan. 1 July 1For Bere, the investee (issuer), record. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 1. the issue of the bonds on July 2, 2018, the accrual of interest on December 31, 2018, 3. the payment of interest on January 1, 2019, and 4. the payment of interest on July 1, 2019. Date Account Titles and Explanation Debit Credit 2018 July 2 Dec. 31 2019 Jan. 1 July 1 SHOW LIST OF ACCOUNTSQuestion 9 Canarie Holdings Led., a publicly traded company, has two portfolios of investments: held for trading investments using the fair value through profit or loss model and investments in associates using the equity method. Information regarding these two portfolios is shown below: Held for Trading Investment Account Investments in Associates Balance, beginning of year $100,000 $299,000 Purchases of investments during the year 30,300 40,400 Proceeds from sale of investments during the year 55,200 33,000 Realized gain (loss) on sale of investments 11,500 (9,900) Dividends received 3,100 7,900 Share of associates' net income 41,800 Fair value of portfolio, end of year 94,300 352,000 Calculate the ending balance for each investment category at the end of the year. ( Enter negative amounts using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Held for Trading Investments Account Investments in Associates Balance, beginning of year 100000 299000 Purchases of Investments during the Year 303000 404000 Carrying Amount of Investments Sold during the Year v Dividends Received Share of Associates' Income Fair Value Adjustment Derived Balance, end of year SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXTRecord the journal entries for each event described in the table above. (Credit account titles are automatically indented when the 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.) Held for Trading Investments Account Titles and Explanation Debit Credit (To record purchase of investments.) (To record sale investments.) (To record dividends.) (To record unrealized gain / (loss) on investments.)Investment in Associates Account Titles and Explanation Debit Credit (To record purchase of investments.) (To record sale investments.) (To record dividends.) (To record share of profit.)Present the amounts that would be reported on the income statement and statement of financial position at year end. ( Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Held for Trading Investment Investments in Associates Statement of Financial Position: Held for Trading Investment Investments in Associates Income Statement: S SHOW LIST OF ACCOUNTS
