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(PDE Transcript.pdf X Careers X Eminem - Like Toy Soldiers (Offic X Connect X Homework Help - Q&A from On x + X - https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fweba.. APerformance EMail Lu Liberty Home Bb Blackboard d College EMail in Linkedin ; Indeed Thrift Savings Plan GGoogle Other favorites Chapter 12 i Saved Help Save & Exit Submit Check my work 4 Tanner-UNF Corporation acquired as a long-term investment $310 million of 6.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 9% for bonds of similar risk and maturity. Tanner-UNF paid $280.0 million for the bonds. The company will receive interest semiannually on June 30 2 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $290.0 million. points Skipped Required: 1. & 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate. 3. At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet? eBook 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on Hint January 2, 2022, for $270.0 million. Prepare the journal entry to record the sale. Print Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet Type here to search S 23:22 28/10/2020 E(PDE Transcript.pdf X Careers X Eminem - Like Toy Soldiers (Offic X Connect X Homework Help - Q&A from On x + X - https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fweba.. APerformance EMail Lu Liberty Home Bb Blackboard d College EMail in Linkedin ; Indeed Thrift Savings Plan GGoogle Other favorites Chapter 12 i Saved Help Save & Exit Submit Check my work 4 Tanner-UNF Corporation acquired as a long-term investment $310 million of 6.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 9% for bonds of similar risk and maturity. Tanner-UNF paid $280.0 million for the bonds. The company will receive interest semiannually on June 30 2 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $290.0 million. points Skipped Required: 1. & 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate. 3. At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet? eBook 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on Hint January 2, 2022, for $270.0 million. Prepare the journal entry to record the sale. Print Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet? (Enter your answer in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) Investment million Screenshot Added A screenshot was added to your Dropbox. Mc Graw Hill 4 of 11 Dropbox ducation Type here to search 23:22 28/10/2020(PDE Transcript.pdf X Careers X Eminem - Like Toy Soldiers (Offic X Connect X Homework Help - Q&A from On x + X - https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fweba.. APerformance EMail Lu Liberty Home Bb Blackboard d College EMail in Linkedin ; Indeed Thrift Savings Plan GGoogle Other favorites Chapter 12 i Saved Help Save & Exit Submit Check my work 4 Tanner-UNF Corporation acquired as a long-term investment $310 million of 6.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 9% for bonds of similar risk and maturity. Tanner-UNF paid $280.0 million for the bonds. The company will receive interest semiannually on June 30 2 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $290.0 million. points Skipped Required: 1. & 2. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate. 3. At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet? eBook 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on Hint January 2, 2022, for $270.0 million. Prepare the journal entry to record the sale. Print Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $270.0 million. Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Show less A View transaction list Screenshot Added Journal entry worksheet A screenshot was added to your Dropbox. Mc Graw Type here to search S 23:22 28/10/2020
