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please help with the following. thank you! Jerome, Inc., owned a single short-term available-for-sale security with a cost of $40,000 and a fair value of

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please help with the following. thank you!

Jerome, Inc., owned a single short-term available-for-sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair value adjustment with a debit to Fair Value Adjustment- Available for sale for $500 and a credit to Unrealized Gain-Equity for $500. Jerome sold that security for $39.900 on January 4 of the current year. Complete the necessary journal entry for January 4th by selecting the account names from the pull-down menus and entering the dollar amounts in the debit and credit columns. (Assume that the portion of the entry that removes the balance in the Unrealized Gain -Equity and Fair Value Adjustment-Available for sale (ST) accounts will be made in a separate journal entry) View transaction list View journal entry worksheet Debit Credit No 1 Date Jan 4 General Journal No Transaction Recorded Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100.000 par value. The bonds pay interest semiannually on March 31 and September 30. Jerome intends to hold the bonds until they mature. Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns No 1 Credit Answer is complete but not entirely correct. General Journal Debt investments - Trading Stock investments Date Apr 1 Debit 100,000 X 100,000 Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100.000 par value. The bonds pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature. Complete the necessary December 31 entry to record receipt of interest by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list View journal entry worksheet No Date General Journal Debit Credit On September 15, Jerome, Inc., paid $8.900 to make a long-term investment in available-for-sale securities by purchasing notes of Topper, Inc. Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list View journal entry worksheet No Date General Journal Debit Credit Jerome, Inc., owned a single short-term available-for-sale security with a cost of $40,000 and a fair value of $40,500 at December 31 of the previous year. At that time, an adjusting entry was recorded for the fair value adjustment with a debit to Fair Value Adjustment- Available for sale for $500 and a credit to Unrealized Gain-Equity for $500. Jerome sold that security for $39.900 on January 4 of the current year. Complete the necessary journal entry for January 4th by selecting the account names from the pull-down menus and entering the dollar amounts in the debit and credit columns. (Assume that the portion of the entry that removes the balance in the Unrealized Gain -Equity and Fair Value Adjustment-Available for sale (ST) accounts will be made in a separate journal entry) View transaction list View journal entry worksheet Debit Credit No 1 Date Jan 4 General Journal No Transaction Recorded Assume that on April 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100.000 par value. The bonds pay interest semiannually on March 31 and September 30. Jerome intends to hold the bonds until they mature. Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns No 1 Credit Answer is complete but not entirely correct. General Journal Debt investments - Trading Stock investments Date Apr 1 Debit 100,000 X 100,000 Assume that on July 1, Jerome, Inc., paid $100,000 to buy Potter's 8 percent, two-year bonds with a $100.000 par value. The bonds pay interest semiannually on December 31 and June 30. Jerome intends to hold the bonds until they mature. Complete the necessary December 31 entry to record receipt of interest by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list View journal entry worksheet No Date General Journal Debit Credit On September 15, Jerome, Inc., paid $8.900 to make a long-term investment in available-for-sale securities by purchasing notes of Topper, Inc. Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list View journal entry worksheet No Date General Journal Debit Credit

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